Dreeite vs St Leonards
Property investment comparison - Dreeite, VIC 3249 vs St Leonards, VIC 3223
Head-to-head across core investment metrics: Dreeite wins 1, St Leonards 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 | St Leonards |
|---|---|---|
| Median house price | $740K | $740K |
| Median unit price | - | $490K |
| Gross rental yield (houses) | 3.41% | 3.78% |
| Gross rental yield (units) | - | 5.12% |
| 1-year house growth | - | +2.5% |
| 3-year house growth | - | -3.0% |
| Vacancy rate | 0.8% | 1.2% |
| Population | 77 | 3,542 |
Dreeite vs St Leonards: what the numbers say
Houses cost about the same in both suburbs: the median house price is $740K in Dreeite and $740K in St Leonards.
On cash flow, St Leonards leads: houses there return a gross rental yield of 3.78%, compared with 3.41% in Dreeite, a gap of 0.37 percentage points.
Rental vacancy is 0.8% in Dreeite and 1.2% in St Leonards, so landlords in Dreeite face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
St Leonards is the bigger suburb, with a population of 3,542 against 77, roughly 46 times the size of Dreeite; a larger suburb usually means a deeper pool of buyers and tenants.
In short: St Leonards 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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