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Eaglehawk vs Lamplough

Property investment comparison - Eaglehawk, VIC 3556 vs Lamplough, VIC 3352

Head-to-head across core investment metrics: Eaglehawk wins 2, Lamplough wins 2. 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.

MetricEaglehawkLamplough
Median house price$595K$595K
Median unit price$435K$145K
Gross rental yield (houses)4.54%4.25%
Gross rental yield (units)5.00%7.61%
1-year house growth+13.3%-
3-year house growth+22.7%-
Vacancy rate0.3%1.6%
Population5,53849

Eaglehawk vs Lamplough: what the numbers say

Houses cost about the same in both suburbs: the median house price is $595K in Eaglehawk and $595K in Lamplough.

For units, Eaglehawk sits at a median of $435K against $145K in Lamplough, which makes Lamplough the more affordable unit market and Eaglehawk the pricier one.

On cash flow, Eaglehawk leads: houses there return a gross rental yield of 4.54%, compared with 4.25% in Lamplough, a gap of 0.29 percentage points.

Rental vacancy is 0.3% in Eaglehawk and 1.6% in Lamplough, so landlords in Eaglehawk face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Eaglehawk is the bigger suburb, with a population of 5,538 against 49, roughly 113 times the size of Lamplough; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Eaglehawk for rental income, Eaglehawk for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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