Dromana vs Larpent
Property investment comparison - Dromana, VIC 3936 vs Larpent, VIC 3249
Head-to-head across core investment metrics: Dromana wins 1, Larpent 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 | Dromana | Larpent |
|---|---|---|
| Median house price | $925K | $925K |
| Median unit price | $740K | $170K |
| Gross rental yield (houses) | 3.65% | 2.68% |
| Gross rental yield (units) | 4.36% | 7.17% |
| 1-year house growth | -4.1% | - |
| 3-year house growth | -12.8% | - |
| Vacancy rate | 2.4% | 0.8% |
| Population | 6,626 | 200 |
Dromana vs Larpent: what the numbers say
Houses cost about the same in both suburbs: the median house price is $925K in Dromana and $925K in Larpent.
For units, Dromana sits at a median of $740K against $170K in Larpent, which makes Larpent the more affordable unit market and Dromana the pricier one.
On cash flow, Dromana leads: houses there return a gross rental yield of 3.65%, compared with 2.68% in Larpent, a gap of 0.97 percentage points.
Rental vacancy is 0.8% in Larpent and 2.4% in Dromana, so landlords in Larpent face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Dromana is the bigger suburb, with a population of 6,626 against 200, roughly 33 times the size of Larpent; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Dromana for rental income, Larpent 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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