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Camberwell vs Eastern View

Property investment comparison - Camberwell, VIC 3124 vs Eastern View, VIC 3231

Head-to-head across core investment metrics: Camberwell wins 3, Eastern View wins 0. 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.

MetricCamberwellEastern View
Median house price$2.5M$2.5M
Median unit price-$1.0M
Gross rental yield (houses)2.26%1.95%
Gross rental yield (units)-3.14%
1-year house growth-3.8%-
3-year house growth-0.3%-
Vacancy rate2.6%16.0%
Population21,96547

Camberwell vs Eastern View: what the numbers say

The median house price is $2.5M in Camberwell and $2.5M in Eastern View, so Camberwell is the cheaper entry point, with Eastern View houses about 1% dearer.

On cash flow, Camberwell leads: houses there return a gross rental yield of 2.26%, compared with 1.95% in Eastern View, a gap of 0.31 percentage points.

Rental vacancy is 2.6% in Camberwell and 16.0% in Eastern View, so landlords in Camberwell face less competition for tenants.

Camberwell is the bigger suburb, with a population of 21,965 against 47, roughly 467 times the size of Eastern View; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Camberwell for rental income, Camberwell for a lower purchase price, Camberwell for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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Camberwell vs Eastern View: Suburb Comparison 2026