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Edenhope vs Granya

Property investment comparison - Edenhope, VIC 3318 vs Granya, VIC 3701

Head-to-head across core investment metrics: Edenhope wins 3, Granya 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.

MetricEdenhopeGranya
Median house price$320K$305K
Median unit price$340K$440K
Gross rental yield (houses)6.30%5.86%
Gross rental yield (units)3.57%5.26%
1-year house growth+3.4%estimate-
3-year house growth--
Vacancy rate0.8%11.7%
Population93788

Edenhope vs Granya: what the numbers say

The median house price is $320K in Edenhope and $305K in Granya, so Granya is the cheaper entry point, with Edenhope houses about 5% dearer.

For units, Edenhope sits at a median of $340K against $440K in Granya, which makes Edenhope the more affordable unit market and Granya the pricier one.

On cash flow, Edenhope leads: houses there return a gross rental yield of 6.30%, compared with 5.86% in Granya, a gap of 0.44 percentage points.

Rental vacancy is 0.8% in Edenhope and 11.7% in Granya, so landlords in Edenhope face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Edenhope is the bigger suburb, with a population of 937 against 88, roughly 11 times the size of Granya; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Edenhope for rental income, Granya for a lower purchase price, Edenhope 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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