Clayton vs Spring Hill
Property investment comparison - Clayton, VIC 3168 vs Spring Hill, VIC 3444
Head-to-head across core investment metrics: Clayton wins 2, Spring Hill 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 | Clayton | Spring Hill |
|---|---|---|
| Median house price | $1.3M | $1.3M |
| Median unit price | - | $700K |
| Gross rental yield (houses) | 2.57% | 2.88% |
| Gross rental yield (units) | - | 3.31% |
| 1-year house growth | -1.8% | - |
| 3-year house growth | +9.0% | - |
| Vacancy rate | 1.6% | 2.7% |
| Population | 18,988 | 200 |
Clayton vs Spring Hill: what the numbers say
The median house price is $1.3M in Clayton and $1.3M in Spring Hill, so Clayton is the cheaper entry point.
On cash flow, Spring Hill leads: houses there return a gross rental yield of 2.88%, compared with 2.57% in Clayton, a gap of 0.31 percentage points.
Rental vacancy is 1.6% in Clayton and 2.7% in Spring Hill, so landlords in Clayton face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Clayton is the bigger suburb, with a population of 18,988 against 200, roughly 95 times the size of Spring Hill; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Spring Hill for rental income, Clayton for a lower purchase price, Clayton 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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