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Coldstream vs Ondit

Property investment comparison - Coldstream, VIC 3770 vs Ondit, VIC 3249

Head-to-head across core investment metrics: Coldstream wins 3, Ondit wins 2. 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.

MetricColdstreamOndit
Median house price$905K$910K
Median unit price$610K$395K
Gross rental yield (houses)3.83%2.52%
Gross rental yield (units)2.51%3.68%
1-year house growth+5.5%estimate-
3-year house growth--
Vacancy rate0.8%1.0%
Population2,199101

Coldstream vs Ondit: what the numbers say

The median house price is $905K in Coldstream and $910K in Ondit, so Coldstream is the cheaper entry point, with Ondit houses about 1% dearer.

For units, Coldstream sits at a median of $610K against $395K in Ondit, which makes Ondit the more affordable unit market and Coldstream the pricier one.

On cash flow, Coldstream leads: houses there return a gross rental yield of 3.83%, compared with 2.52% in Ondit, a gap of 1.31 percentage points.

Rental vacancy is 0.8% in Coldstream and 1.0% in Ondit, so landlords in Coldstream face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Coldstream is the bigger suburb, with a population of 2,199 against 101, roughly 22 times the size of Ondit; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Coldstream for rental income, Coldstream for a lower purchase price, Coldstream 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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