East Geelong vs Hensley Park
Property investment comparison - East Geelong, VIC 3219 vs Hensley Park, VIC 3301
Head-to-head across core investment metrics: East Geelong wins 2, Hensley Park wins 0. 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 | East Geelong | Hensley Park |
|---|---|---|
| Median house price | $880K | $880K |
| Median unit price | - | - |
| Gross rental yield (houses) | 3.18% | 2.96% |
| Gross rental yield (units) | 4.60% | - |
| 1-year house growth | +9.6% | - |
| 3-year house growth | +5.4% | - |
| Vacancy rate | 0.8% | 14.5% |
| Population | 4,012 | 75 |
East Geelong vs Hensley Park: what the numbers say
Houses cost about the same in both suburbs: the median house price is $880K in East Geelong and $880K in Hensley Park.
On cash flow, East Geelong leads: houses there return a gross rental yield of 3.18%, compared with 2.96% in Hensley Park, a gap of 0.22 percentage points.
Rental vacancy is 0.8% in East Geelong and 14.5% in Hensley Park, so landlords in East Geelong face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
East Geelong is the bigger suburb, with a population of 4,012 against 75, roughly 53 times the size of Hensley Park; a larger suburb usually means a deeper pool of buyers and tenants.
In short: East Geelong for rental income, East Geelong 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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