Fairhaven vs Strathmore
Property investment comparison - Fairhaven, VIC 3231 vs Strathmore, VIC 3041
Head-to-head across core investment metrics: Fairhaven wins 0, Strathmore wins 5. 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 | Fairhaven | Strathmore |
|---|---|---|
| Median house price | $1.5M | $1.5M |
| Median unit price | $1.4M | - |
| Gross rental yield (houses) | 1.69% | 2.73% |
| Gross rental yield (units) | 2.09% | 4.40% |
| 1-year house growth | -13.2%estimate | -5.5%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 3.2% | 2.8% |
| Population | 390 | 8,980 |
Fairhaven vs Strathmore: what the numbers say
The median house price is $1.5M in Fairhaven and $1.5M in Strathmore, so Strathmore is the cheaper entry point.
On cash flow, Strathmore leads: houses there return a gross rental yield of 2.73%, compared with 1.69% in Fairhaven, a gap of 1.04 percentage points.
Over the past year house prices moved -13.2% in Fairhaven (an estimate) and -5.5% in Strathmore (an estimate), so recent momentum favours Strathmore, while Fairhaven went backwards.
Rental vacancy is 2.8% in Strathmore and 3.2% in Fairhaven, so landlords in Strathmore face less competition for tenants.
Strathmore is the bigger suburb, with a population of 8,980 against 390, roughly 23 times the size of Fairhaven; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Strathmore for rental income, Strathmore for a lower purchase price, Strathmore for recent price momentum, Strathmore 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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