Clarkes Hill vs Springvale South
Property investment comparison - Clarkes Hill, VIC 3352 vs Springvale South, VIC 3172
Head-to-head across core investment metrics: Clarkes Hill wins 0, Springvale South 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 | Clarkes Hill | Springvale South |
|---|---|---|
| Median house price | $870K | $870K |
| Median unit price | - | $655K |
| Gross rental yield (houses) | - | 3.90% |
| Gross rental yield (units) | - | 4.51% |
| 1-year house growth | - | +5.5% |
| 3-year house growth | - | +7.0% |
| Vacancy rate | 1.9% | 1.3% |
| Population | 75 | 12,766 |
Clarkes Hill vs Springvale South: what the numbers say
Houses cost about the same in both suburbs: the median house price is $870K in Clarkes Hill and $870K in Springvale South.
Rental vacancy is 1.3% in Springvale South and 1.9% in Clarkes Hill, so landlords in Springvale South face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Springvale South is the bigger suburb, with a population of 12,766 against 75, roughly 170 times the size of Clarkes Hill; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Springvale South 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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Springvale South, VIC 3172
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