Cranbourne East vs Hamlyn Heights
Property investment comparison - Cranbourne East, VIC 3977 vs Hamlyn Heights, VIC 3215
Head-to-head across core investment metrics: Cranbourne East wins 3, Hamlyn Heights 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 | Cranbourne East | Hamlyn Heights |
|---|---|---|
| Median house price | $750K | $750K |
| Median unit price | $580K | $580K |
| Gross rental yield (houses) | 4.15% | 3.67% |
| Gross rental yield (units) | 4.60% | 3.94% |
| 1-year house growth | +5.3%estimate | +3.9% |
| 3-year house growth | - | +0.7% |
| Vacancy rate | 2.4% | 1.5% |
| Population | 24,679 | 6,518 |
Cranbourne East vs Hamlyn Heights: what the numbers say
Houses cost about the same in both suburbs: the median house price is $750K in Cranbourne East and $750K in Hamlyn Heights.
On cash flow, Cranbourne East leads: houses there return a gross rental yield of 4.15%, compared with 3.67% in Hamlyn Heights, a gap of 0.48 percentage points.
Over the past year house prices moved +5.3% in Cranbourne East (an estimate) and +3.9% in Hamlyn Heights, so recent momentum favours Cranbourne East, although both suburbs recorded growth.
Rental vacancy is 1.5% in Hamlyn Heights and 2.4% in Cranbourne East, so landlords in Hamlyn Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Cranbourne East is the bigger suburb, with a population of 24,679 against 6,518, roughly 3.8 times the size of Hamlyn Heights; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Cranbourne East for rental income, Cranbourne East for recent price momentum, Hamlyn Heights 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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Cranbourne East, VIC 3977
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Hamlyn Heights, VIC 3215
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