Cremorne vs Spring Hill
Property investment comparison - Cremorne, VIC 3121 vs Spring Hill, VIC 3444
Head-to-head across core investment metrics: Cremorne wins 4, Spring Hill 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 | Cremorne | Spring Hill |
|---|---|---|
| Median house price | $1.3M | $1.3M |
| Median unit price | $615K | $700K |
| Gross rental yield (houses) | 3.69% | 2.88% |
| Gross rental yield (units) | 5.70% | 3.31% |
| 1-year house growth | +0.9%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.4% | 2.7% |
| Population | 2,158 | 200 |
Cremorne vs Spring Hill: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.3M in Cremorne and $1.3M in Spring Hill.
For units, Cremorne sits at a median of $615K against $700K in Spring Hill, which makes Cremorne the more affordable unit market and Spring Hill the pricier one.
On cash flow, Cremorne leads: houses there return a gross rental yield of 3.69%, compared with 2.88% in Spring Hill, a gap of 0.81 percentage points.
Rental vacancy is 1.4% in Cremorne and 2.7% in Spring Hill, so landlords in Cremorne face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Cremorne is the bigger suburb, with a population of 2,158 against 200, roughly 11 times the size of Spring Hill; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Cremorne for rental income, Cremorne 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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