Dreeite vs Leneva
Property investment comparison - Dreeite, VIC 3249 vs Leneva, VIC 3691
Head-to-head across core investment metrics: Dreeite wins 1, Leneva 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 | Dreeite | Leneva |
|---|---|---|
| Median house price | $740K | $740K |
| Median unit price | - | $555K |
| Gross rental yield (houses) | 3.41% | 4.50% |
| Gross rental yield (units) | - | 2.96% |
| 1-year house growth | - | +12.7%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 0.8% | 4.6% |
| Population | 77 | 1,317 |
Dreeite vs Leneva: what the numbers say
Houses cost about the same in both suburbs: the median house price is $740K in Dreeite and $740K in Leneva.
On cash flow, Leneva leads: houses there return a gross rental yield of 4.50%, compared with 3.41% in Dreeite, a gap of 1.09 percentage points.
Rental vacancy is 0.8% in Dreeite and 4.6% in Leneva, so landlords in Dreeite face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Leneva is the bigger suburb, with a population of 1,317 against 77, roughly 17 times the size of Dreeite; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Leneva for rental income, Dreeite 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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