Eureka vs Toolleen
Property investment comparison - Eureka, VIC 3350 vs Toolleen, VIC 3551
Head-to-head across core investment metrics: Eureka wins 1, Toolleen wins 3. 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 | Eureka | Toolleen |
|---|---|---|
| Median house price | $500K | $495K |
| Median unit price | $455K | $460K |
| Gross rental yield (houses) | 4.00% | - |
| Gross rental yield (units) | 4.51% | 5.60% |
| 1-year house growth | +15.3%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.2% | 0.9% |
| Population | 633 | 221 |
Eureka vs Toolleen: what the numbers say
The median house price is $500K in Eureka and $495K in Toolleen, so Toolleen is the cheaper entry point, with Eureka houses about 1% dearer.
For units, Eureka sits at a median of $455K against $460K in Toolleen, which makes Eureka the more affordable unit market and Toolleen the pricier one.
Rental vacancy is 0.9% in Toolleen and 1.2% in Eureka, so landlords in Toolleen face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Eureka is the bigger suburb, with a population of 633 against 221, roughly 2.9 times the size of Toolleen; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Toolleen for a lower purchase price, Toolleen 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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