Calulu vs South Geelong
Property investment comparison - Calulu, VIC 3875 vs South Geelong, VIC 3220
Head-to-head across core investment metrics: Calulu wins 0, South Geelong 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 | Calulu | South Geelong |
|---|---|---|
| Median house price | $835K | $830K |
| Median unit price | - | $575K |
| Gross rental yield (houses) | 3.33% | 3.60% |
| Gross rental yield (units) | - | 4.17% |
| 1-year house growth | - | +7.7% |
| 3-year house growth | - | -9.3% |
| Vacancy rate | 6.6% | 1.0% |
| Population | 186 | 1,014 |
Calulu vs South Geelong: what the numbers say
The median house price is $835K in Calulu and $830K in South Geelong, so South Geelong is the cheaper entry point, with Calulu houses about 1% dearer.
On cash flow, South Geelong leads: houses there return a gross rental yield of 3.60%, compared with 3.33% in Calulu, a gap of 0.27 percentage points.
Rental vacancy is 1.0% in South Geelong and 6.6% in Calulu, so landlords in South Geelong face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
South Geelong is the bigger suburb, with a population of 1,014 against 186, roughly 5 times the size of Calulu; a larger suburb usually means a deeper pool of buyers and tenants.
In short: South Geelong for rental income, South Geelong for a lower purchase price, South Geelong 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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