Ercildoune vs Lucas
Property investment comparison - Ercildoune, VIC 3352 vs Lucas, VIC 3350
Head-to-head across core investment metrics: Ercildoune wins 1, Lucas wins 1. 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 | Ercildoune | Lucas |
|---|---|---|
| Median house price | $645K | $645K |
| Median unit price | - | $375K |
| Gross rental yield (houses) | 4.05% | 3.91% |
| Gross rental yield (units) | - | 5.30% |
| 1-year house growth | - | +4.0% |
| 3-year house growth | - | +0.8% |
| Vacancy rate | 1.7% | 0.8% |
| Population | 90 | 2,994 |
Ercildoune vs Lucas: what the numbers say
Houses cost about the same in both suburbs: the median house price is $645K in Ercildoune and $645K in Lucas.
On cash flow, Ercildoune leads: houses there return a gross rental yield of 4.05%, compared with 3.91% in Lucas, a gap of 0.14 percentage points.
Rental vacancy is 0.8% in Lucas and 1.7% in Ercildoune, so landlords in Lucas face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Lucas is the bigger suburb, with a population of 2,994 against 90, roughly 33 times the size of Ercildoune; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Ercildoune for rental income, Lucas 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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