Derrinal vs Seaspray
Property investment comparison - Derrinal, VIC 3523 vs Seaspray, VIC 3851
Head-to-head across core investment metrics: Derrinal wins 2, Seaspray 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 | Derrinal | Seaspray |
|---|---|---|
| Median house price | $485K | $490K |
| Median unit price | - | $375K |
| Gross rental yield (houses) | 6.34% | 4.96% |
| Gross rental yield (units) | - | 2.87% |
| 1-year house growth | - | +7.7%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 5.3% | 1.3% |
| Population | 99 | 373 |
Derrinal vs Seaspray: what the numbers say
The median house price is $485K in Derrinal and $490K in Seaspray, so Derrinal is the cheaper entry point, with Seaspray houses about 1% dearer.
On cash flow, Derrinal leads: houses there return a gross rental yield of 6.34%, compared with 4.96% in Seaspray, a gap of 1.38 percentage points.
Rental vacancy is 1.3% in Seaspray and 5.3% in Derrinal, so landlords in Seaspray face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Seaspray is the bigger suburb, with a population of 373 against 99, roughly 3.8 times the size of Derrinal; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Derrinal for rental income, Derrinal for a lower purchase price, Seaspray 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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