Geelong vs Tolmie
Property investment comparison - Geelong, VIC 3220 vs Tolmie, VIC 3723
Head-to-head across core investment metrics: Geelong wins 2, Tolmie 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.
| Metric | Geelong | Tolmie |
|---|---|---|
| Median house price | $950K | $965K |
| Median unit price | $590K | $445K |
| Gross rental yield (houses) | 3.34% | 3.65% |
| Gross rental yield (units) | 4.56% | 9.45% |
| 1-year house growth | +6.0% | - |
| 3-year house growth | -7.2% | - |
| Vacancy rate | 2.3% | 3.7% |
| Population | 5,811 | 547 |
Geelong vs Tolmie: what the numbers say
The median house price is $950K in Geelong and $965K in Tolmie, so Geelong is the cheaper entry point, with Tolmie houses about 2% dearer.
For units, Geelong sits at a median of $590K against $445K in Tolmie, which makes Tolmie the more affordable unit market and Geelong the pricier one.
On cash flow, Tolmie leads: houses there return a gross rental yield of 3.65%, compared with 3.34% in Geelong, a gap of 0.31 percentage points.
Rental vacancy is 2.3% in Geelong and 3.7% in Tolmie, so landlords in Geelong face less competition for tenants.
Geelong is the bigger suburb, with a population of 5,811 against 547, roughly 11 times the size of Tolmie; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Tolmie for rental income, Geelong for a lower purchase price, Geelong 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
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison