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Churchill vs Yielima

Property investment comparison - Churchill, VIC 3842 vs Yielima, VIC 3638

Head-to-head across core investment metrics: Churchill wins 2, Yielima 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.

MetricChurchillYielima
Median house price$460K$465K
Median unit price$430K-
Gross rental yield (houses)5.08%4.97%
Gross rental yield (units)3.45%-
1-year house growth+17.9%-
3-year house growth+27.7%-
Vacancy rate2.3%1.0%
Population4,92493

Churchill vs Yielima: what the numbers say

The median house price is $460K in Churchill and $465K in Yielima, so Churchill is the cheaper entry point, with Yielima houses about 1% dearer.

On cash flow, Churchill leads: houses there return a gross rental yield of 5.08%, compared with 4.97% in Yielima, a gap of 0.11 percentage points.

Rental vacancy is 1.0% in Yielima and 2.3% in Churchill, so landlords in Yielima face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Churchill is the bigger suburb, with a population of 4,924 against 93, roughly 53 times the size of Yielima; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Churchill for rental income, Churchill for a lower purchase price, Yielima 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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Churchill vs Yielima: Property Investment Comparison (2026)