Clayton South vs Hazel Park
Property investment comparison - Clayton South, VIC 3169 vs Hazel Park, VIC 3966
Head-to-head across core investment metrics: Clayton South wins 3, 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 | Clayton South | Hazel Park |
|---|---|---|
| Median house price | $985K | $990K |
| Median unit price | $645K | - |
| Gross rental yield (houses) | 3.43% | 1.78% |
| Gross rental yield (units) | 4.78% | - |
| 1-year house growth | +1.1%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.6% | 3.0% |
| Population | 13,381 | 55 |
Clayton South vs Hazel Park: what the numbers say
The median house price is $985K in Clayton South and $990K in Hazel Park, so Clayton South is the cheaper entry point, with Hazel Park houses about 1% dearer.
On cash flow, Clayton South leads: houses there return a gross rental yield of 3.43%, compared with 1.78% in Hazel Park, a gap of 1.65 percentage points.
Rental vacancy is 1.6% in Clayton South and 3.0% in Hazel Park, so landlords in Clayton South face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Clayton South is the bigger suburb, with a population of 13,381 against 55, roughly 243 times the size of Hazel Park; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Clayton South for rental income, Clayton South for a lower purchase price, Clayton South 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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