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Eynesbury vs North Shore

Property investment comparison - Eynesbury, VIC 3338 vs North Shore, VIC 3214

Head-to-head across core investment metrics: Eynesbury wins 2, North Shore wins 4. 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.

MetricEynesburyNorth Shore
Median house price$685K$690K
Median unit price$765K-
Gross rental yield (houses)3.43%3.40%
Gross rental yield (units)3.16%3.67%
1-year house growth-7.8%+7.2%
3-year house growth+2.3%+16.3%
Vacancy rate6.8%2.0%
Population2,838325

Eynesbury vs North Shore: what the numbers say

The median house price is $685K in Eynesbury and $690K in North Shore, so Eynesbury is the cheaper entry point, with North Shore houses about 1% dearer.

Gross rental yield on houses is effectively level, at 3.43% in Eynesbury and 3.40% in North Shore, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved -7.8% in Eynesbury and +7.2% in North Shore, so recent momentum favours North Shore, while Eynesbury went backwards.

Looking back three years, Eynesbury houses are +2.3% and North Shore houses +16.3%, so North Shore has compounded faster than Eynesbury over the longer window.

Rental vacancy is 2.0% in North Shore and 6.8% in Eynesbury, so landlords in North Shore face less competition for tenants.

Eynesbury is the bigger suburb, with a population of 2,838 against 325, roughly 9 times the size of North Shore; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Eynesbury for a lower purchase price, North Shore for recent price momentum, North Shore 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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