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Garfield vs Yeodene

Property investment comparison - Garfield, VIC 3814 vs Yeodene, VIC 3249

Head-to-head across core investment metrics: Garfield wins 1, Yeodene 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.

MetricGarfieldYeodene
Median house price$780K$780K
Median unit price$575K-
Gross rental yield (houses)3.90%2.96%
Gross rental yield (units)5.01%-
1-year house growth+2.5%-
3-year house growth-6.6%-
Vacancy rate1.1%0.9%
Population2,114107

Garfield vs Yeodene: what the numbers say

Houses cost about the same in both suburbs: the median house price is $780K in Garfield and $780K in Yeodene.

On cash flow, Garfield leads: houses there return a gross rental yield of 3.90%, compared with 2.96% in Yeodene, a gap of 0.94 percentage points.

Rental vacancy is 0.9% in Yeodene and 1.1% in Garfield, so landlords in Yeodene face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Garfield is the bigger suburb, with a population of 2,114 against 107, roughly 20 times the size of Yeodene; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Garfield for rental income, Yeodene 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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