Callignee vs Heathmont
Property investment comparison - Callignee, VIC 3844 vs Heathmont, VIC 3135
Head-to-head across core investment metrics: Callignee wins 2, Heathmont wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Callignee | Heathmont |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $530K | $770K |
| Gross rental yield (houses) | 1.81% | 3.26% |
| Gross rental yield (units) | 3.82% | 3.92% |
| 1-year house growth | - | -0.1%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 8.2% | 1.0% |
| Population | 391 | 9,933 |
Callignee vs Heathmont: what the numbers say
The median house price is $1.1M in Callignee and $1.1M in Heathmont, so Callignee is the cheaper entry point.
For units, Callignee sits at a median of $530K against $770K in Heathmont, which makes Callignee the more affordable unit market and Heathmont the pricier one.
On cash flow, Heathmont leads: houses there return a gross rental yield of 3.26%, compared with 1.81% in Callignee, a gap of 1.45 percentage points.
Rental vacancy is 1.0% in Heathmont and 8.2% in Callignee, so landlords in Heathmont face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Heathmont is the bigger suburb, with a population of 9,933 against 391, roughly 25 times the size of Callignee; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Heathmont for rental income, Callignee for a lower purchase price, Heathmont for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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