Elingamite vs Seabrook
Property investment comparison - Elingamite, VIC 3266 vs Seabrook, VIC 3028
Head-to-head across core investment metrics: Elingamite wins 2, Seabrook 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 | Elingamite | Seabrook |
|---|---|---|
| Median house price | $810K | $815K |
| Median unit price | $795K | - |
| Gross rental yield (houses) | 2.28% | 3.44% |
| Gross rental yield (units) | 1.42% | 4.54% |
| 1-year house growth | - | +3.8%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 0.5% | 1.9% |
| Population | 57 | 4,952 |
Elingamite vs Seabrook: what the numbers say
The median house price is $810K in Elingamite and $815K in Seabrook, so Elingamite is the cheaper entry point, with Seabrook houses about 1% dearer.
On cash flow, Seabrook leads: houses there return a gross rental yield of 3.44%, compared with 2.28% in Elingamite, a gap of 1.16 percentage points.
Rental vacancy is 0.5% in Elingamite and 1.9% in Seabrook, so landlords in Elingamite face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Seabrook is the bigger suburb, with a population of 4,952 against 57, roughly 87 times the size of Elingamite; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Seabrook for rental income, Elingamite for a lower purchase price, Elingamite 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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