Eastwood vs Harkness
Property investment comparison - Eastwood, VIC 3875 vs Harkness, VIC 3337
Head-to-head across core investment metrics: Eastwood wins 2, Harkness 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.
| Metric | Eastwood | Harkness |
|---|---|---|
| Median house price | $635K | $635K |
| Median unit price | $440K | $440K |
| Gross rental yield (houses) | 4.20% | 3.71% |
| Gross rental yield (units) | 4.39% | 4.80% |
| 1-year house growth | +4.3% | +10.9%estimate |
| 3-year house growth | +3.5% | - |
| Vacancy rate | 2.2% | 3.2% |
| Population | 2,855 | 12,463 |
Eastwood vs Harkness: what the numbers say
Houses cost about the same in both suburbs: the median house price is $635K in Eastwood and $635K in Harkness.
On cash flow, Eastwood leads: houses there return a gross rental yield of 4.20%, compared with 3.71% in Harkness, a gap of 0.49 percentage points.
Over the past year house prices moved +4.3% in Eastwood and +10.9% in Harkness (an estimate), so recent momentum favours Harkness, although both suburbs recorded growth.
Rental vacancy is 2.2% in Eastwood and 3.2% in Harkness, so landlords in Eastwood face less competition for tenants.
Harkness is the bigger suburb, with a population of 12,463 against 2,855, roughly 4.4 times the size of Eastwood; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Eastwood for rental income, Harkness for recent price momentum, Eastwood 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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