Donnybrook vs Smythesdale
Property investment comparison - Donnybrook, VIC 3064 vs Smythesdale, VIC 3351
Head-to-head across core investment metrics: Donnybrook wins 1, Smythesdale wins 3. 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 | Donnybrook | Smythesdale |
|---|---|---|
| Median house price | $660K | $660K |
| Median unit price | $565K | $430K |
| Gross rental yield (houses) | - | 3.96% |
| Gross rental yield (units) | 4.41% | 3.49% |
| 1-year house growth | +1.3%estimate | +16.6% |
| 3-year house growth | - | +9.2% |
| Vacancy rate | 6.8% | 4.2% |
| Population | 2,100 | 1,189 |
Donnybrook vs Smythesdale: what the numbers say
Houses cost about the same in both suburbs: the median house price is $660K in Donnybrook and $660K in Smythesdale.
For units, Donnybrook sits at a median of $565K against $430K in Smythesdale, which makes Smythesdale the more affordable unit market and Donnybrook the pricier one.
Over the past year house prices moved +1.3% in Donnybrook (an estimate) and +16.6% in Smythesdale, so recent momentum favours Smythesdale, although both suburbs recorded growth.
Rental vacancy is 4.2% in Smythesdale and 6.8% in Donnybrook, so landlords in Smythesdale face less competition for tenants.
Donnybrook is the bigger suburb, with a population of 2,100 against 1,189, larger than Smythesdale; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Smythesdale for recent price momentum, Smythesdale 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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