Charlemont vs Great Western
Property investment comparison - Charlemont, VIC 3217 vs Great Western, VIC 3374
Head-to-head across core investment metrics: Charlemont wins 2, Great Western wins 1. 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 | Charlemont | Great Western |
|---|---|---|
| Median house price | $645K | $645K |
| Median unit price | $475K | $215K |
| Gross rental yield (houses) | 4.20% | 3.00% |
| Gross rental yield (units) | 2.67% | - |
| 1-year house growth | +2.5% | - |
| 3-year house growth | +4.9% | - |
| Vacancy rate | 2.4% | 4.0% |
| Population | 2,612 | 425 |
Charlemont vs Great Western: what the numbers say
Houses cost about the same in both suburbs: the median house price is $645K in Charlemont and $645K in Great Western.
For units, Charlemont sits at a median of $475K against $215K in Great Western, which makes Great Western the more affordable unit market and Charlemont the pricier one.
On cash flow, Charlemont leads: houses there return a gross rental yield of 4.20%, compared with 3.00% in Great Western, a gap of 1.20 percentage points.
Rental vacancy is 2.4% in Charlemont and 4.0% in Great Western, so landlords in Charlemont face less competition for tenants.
Charlemont is the bigger suburb, with a population of 2,612 against 425, roughly 6 times the size of Great Western; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Charlemont for rental income, Charlemont 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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