Elmore vs Horsham
Property investment comparison - Elmore, VIC 3558 vs Horsham, VIC 3400
Head-to-head across core investment metrics: Elmore wins 2, Horsham 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 | Elmore | Horsham |
|---|---|---|
| Median house price | $480K | $475K |
| Median unit price | - | $400K |
| Gross rental yield (houses) | - | 5.00% |
| Gross rental yield (units) | 6.16% | 5.10% |
| 1-year house growth | +18.1%estimate | +18.1% |
| 3-year house growth | - | +17.5% |
| Vacancy rate | 1.8% | 0.1% |
| Population | 847 | 15,134 |
Elmore vs Horsham: what the numbers say
The median house price is $480K in Elmore and $475K in Horsham, so Horsham is the cheaper entry point, with Elmore houses about 1% dearer.
Over the past year house prices moved +18.1% in Elmore (an estimate) and +18.1% in Horsham, so recent momentum favours Elmore, although both suburbs recorded growth.
Rental vacancy is 0.1% in Horsham and 1.8% in Elmore, so landlords in Horsham face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Horsham is the bigger suburb, with a population of 15,134 against 847, roughly 18 times the size of Elmore; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Horsham for a lower purchase price, Elmore for recent price momentum, Horsham 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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