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Gainsborough vs Yarra Junction

Property investment comparison - Gainsborough, VIC 3822 vs Yarra Junction, VIC 3797

Head-to-head across core investment metrics: Gainsborough wins 0, Yarra Junction wins 3. 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.

MetricGainsboroughYarra Junction
Median house price$815K$810K
Median unit price-$620K
Gross rental yield (houses)3.24%4.02%
Gross rental yield (units)-3.00%
1-year house growth-+4.3%estimate
3-year house growth--
Vacancy rate5.0%0.3%
Population612,875

Gainsborough vs Yarra Junction: what the numbers say

The median house price is $815K in Gainsborough and $810K in Yarra Junction, so Yarra Junction is the cheaper entry point, with Gainsborough houses about 1% dearer.

On cash flow, Yarra Junction leads: houses there return a gross rental yield of 4.02%, compared with 3.24% in Gainsborough, a gap of 0.78 percentage points.

Rental vacancy is 0.3% in Yarra Junction and 5.0% in Gainsborough, so landlords in Yarra Junction face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Yarra Junction is the bigger suburb, with a population of 2,875 against 61, roughly 47 times the size of Gainsborough; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Yarra Junction for rental income, Yarra Junction for a lower purchase price, Yarra Junction 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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Gainsborough vs Yarra Junction: Suburb Comparison 2026