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Flemington vs Spotswood

Property investment comparison - Flemington, VIC 3031 vs Spotswood, VIC 3015

Head-to-head across core investment metrics: Flemington wins 5, Spotswood wins 0. 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.

MetricFlemingtonSpotswood
Median house price$1.1M$1.1M
Median unit price$525K$765K
Gross rental yield (houses)-3.29%
Gross rental yield (units)5.15%-
1-year house growth+6.5%-6.1%
3-year house growth+12.1%+4.1%
Vacancy rate2.2%3.6%
Population7,0252,820

Flemington vs Spotswood: what the numbers say

The median house price is $1.1M in Flemington and $1.1M in Spotswood, so Flemington is the cheaper entry point, with Spotswood houses about 1% dearer.

For units, Flemington sits at a median of $525K against $765K in Spotswood, which makes Flemington the more affordable unit market and Spotswood the pricier one.

Over the past year house prices moved +6.5% in Flemington and -6.1% in Spotswood, so recent momentum favours Flemington, while Spotswood went backwards.

Looking back three years, Flemington houses are +12.1% and Spotswood houses +4.1%, so Flemington has compounded faster than Spotswood over the longer window.

Rental vacancy is 2.2% in Flemington and 3.6% in Spotswood, so landlords in Flemington face less competition for tenants.

Flemington is the bigger suburb, with a population of 7,025 against 2,820, roughly 2.5 times the size of Spotswood; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Flemington for a lower purchase price, Flemington for recent price momentum, Flemington 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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