Gazette vs Smythesdale
Property investment comparison - Gazette, VIC 3289 vs Smythesdale, VIC 3351
Head-to-head across core investment metrics: Gazette wins 2, Smythesdale 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.
| Metric | Gazette | Smythesdale |
|---|---|---|
| Median house price | $660K | $660K |
| Median unit price | - | $430K |
| Gross rental yield (houses) | 4.75% | 3.96% |
| Gross rental yield (units) | - | 3.49% |
| 1-year house growth | - | +16.6% |
| 3-year house growth | - | +9.2% |
| Vacancy rate | 1.1% | 4.2% |
| Population | 42 | 1,189 |
Gazette vs Smythesdale: what the numbers say
Houses cost about the same in both suburbs: the median house price is $660K in Gazette and $660K in Smythesdale.
On cash flow, Gazette leads: houses there return a gross rental yield of 4.75%, compared with 3.96% in Smythesdale, a gap of 0.79 percentage points.
Rental vacancy is 1.1% in Gazette and 4.2% in Smythesdale, so landlords in Gazette face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Smythesdale is the bigger suburb, with a population of 1,189 against 42, roughly 28 times the size of Gazette; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Gazette for rental income, Gazette 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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