Charlemont vs Peterborough
Property investment comparison - Charlemont, VIC 3217 vs Peterborough, VIC 3270
Head-to-head across core investment metrics: Charlemont wins 2, Peterborough 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 | Charlemont | Peterborough |
|---|---|---|
| Median house price | $645K | $640K |
| Median unit price | $475K | $385K |
| Gross rental yield (houses) | 4.20% | 4.06% |
| Gross rental yield (units) | 2.67% | 2.78% |
| 1-year house growth | +2.5% | -5.2%estimate |
| 3-year house growth | +4.9% | - |
| Vacancy rate | 2.4% | - |
| Population | 2,612 | 322 |
Charlemont vs Peterborough: what the numbers say
The median house price is $645K in Charlemont and $640K in Peterborough, so Peterborough is the cheaper entry point, with Charlemont houses about 1% dearer.
For units, Charlemont sits at a median of $475K against $385K in Peterborough, which makes Peterborough 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 4.06% in Peterborough, a gap of 0.14 percentage points.
Over the past year house prices moved +2.5% in Charlemont and -5.2% in Peterborough (an estimate), so recent momentum favours Charlemont, while Peterborough went backwards.
Charlemont is the bigger suburb, with a population of 2,612 against 322, roughly 8 times the size of Peterborough; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Charlemont for rental income, Peterborough for a lower purchase price, Charlemont for recent price momentum. 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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