Chirnside Park vs Hazel Park
Property investment comparison - Chirnside Park, VIC 3116 vs Hazel Park, VIC 3966
Head-to-head across core investment metrics: Chirnside Park wins 2, Hazel Park 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.
| Metric | Chirnside Park | Hazel Park |
|---|---|---|
| Median house price | $990K | $990K |
| Median unit price | - | - |
| Gross rental yield (houses) | 3.67% | 1.78% |
| Gross rental yield (units) | - | - |
| 1-year house growth | +5.3% | - |
| 3-year house growth | +10.2% | - |
| Vacancy rate | 1.1% | 3.0% |
| Population | 11,779 | 55 |
Chirnside Park vs Hazel Park: what the numbers say
Houses cost about the same in both suburbs: the median house price is $990K in Chirnside Park and $990K in Hazel Park.
On cash flow, Chirnside Park leads: houses there return a gross rental yield of 3.67%, compared with 1.78% in Hazel Park, a gap of 1.89 percentage points.
Rental vacancy is 1.1% in Chirnside Park and 3.0% in Hazel Park, so landlords in Chirnside Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Chirnside Park is the bigger suburb, with a population of 11,779 against 55, roughly 214 times the size of Hazel Park; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Chirnside Park for rental income, Chirnside Park 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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Chirnside Park, VIC 3116
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