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Flowerdale vs Smithton

Property investment comparison - Flowerdale, TAS 7325 vs Smithton, TAS 7330

Head-to-head across core investment metrics: Flowerdale wins 2, Smithton wins 1. 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.

MetricFlowerdaleSmithton
Median house price$400K$400K
Median unit price$385K-
Gross rental yield (houses)5.84%5.20%
Gross rental yield (units)5.49%4.64%
1-year house growth-+12.1%
3-year house growth-+10.3%
Vacancy rate3.3%1.0%
Population2793,934

Flowerdale vs Smithton: what the numbers say

Houses cost about the same in both suburbs: the median house price is $400K in Flowerdale and $400K in Smithton.

On cash flow, Flowerdale leads: houses there return a gross rental yield of 5.84%, compared with 5.20% in Smithton, a gap of 0.64 percentage points.

Rental vacancy is 1.0% in Smithton and 3.3% in Flowerdale, so landlords in Smithton face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Smithton is the bigger suburb, with a population of 3,934 against 279, roughly 14 times the size of Flowerdale; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Flowerdale for rental income, Smithton 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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