Deepdene vs Tower Hill
Property investment comparison - Deepdene, VIC 3103 vs Tower Hill, VIC 3283
Head-to-head across core investment metrics: Deepdene wins 2, Tower 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 | Deepdene | Tower Hill |
|---|---|---|
| Median house price | $3.3M | $3.5M |
| Median unit price | $970K | - |
| Gross rental yield (houses) | 1.90% | - |
| Gross rental yield (units) | 3.25% | - |
| 1-year house growth | -11.9%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.9% | 6.0% |
| Population | 2,101 | 83 |
Deepdene vs Tower Hill: what the numbers say
The median house price is $3.3M in Deepdene and $3.5M in Tower Hill, so Deepdene is the cheaper entry point, with Tower Hill houses about 7% dearer.
Rental vacancy is 1.9% in Deepdene and 6.0% in Tower Hill, so landlords in Deepdene face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Deepdene is the bigger suburb, with a population of 2,101 against 83, roughly 25 times the size of Tower Hill; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Deepdene for a lower purchase price, Deepdene 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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