Fawkner vs Lillico
Property investment comparison - Fawkner, VIC 3060 vs Lillico, VIC 3820
Head-to-head across core investment metrics: Fawkner wins 1, Lillico 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 | Fawkner | Lillico |
|---|---|---|
| Median house price | $850K | $850K |
| Median unit price | $650K | $420K |
| Gross rental yield (houses) | 3.60% | 3.64% |
| Gross rental yield (units) | - | 5.09% |
| 1-year house growth | +6.8%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.0% | 1.8% |
| Population | 14,274 | 94 |
Fawkner vs Lillico: what the numbers say
Houses cost about the same in both suburbs: the median house price is $850K in Fawkner and $850K in Lillico.
For units, Fawkner sits at a median of $650K against $420K in Lillico, which makes Lillico the more affordable unit market and Fawkner the pricier one.
Gross rental yield on houses is effectively level, at 3.60% in Fawkner and 3.64% in Lillico, so neither suburb has a cash flow edge on houses.
Rental vacancy is 1.0% in Fawkner and 1.8% in Lillico, so landlords in Fawkner face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Fawkner is the bigger suburb, with a population of 14,274 against 94, roughly 152 times the size of Lillico; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Fawkner 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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