Gerrigerrup vs Hamlyn Heights
Property investment comparison - Gerrigerrup, VIC 3289 vs Hamlyn Heights, VIC 3215
Head-to-head across core investment metrics: Gerrigerrup wins 2, Hamlyn Heights 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 | Gerrigerrup | Hamlyn Heights |
|---|---|---|
| Median house price | $750K | $750K |
| Median unit price | - | $580K |
| Gross rental yield (houses) | 4.19% | 3.67% |
| Gross rental yield (units) | - | 3.94% |
| 1-year house growth | - | +3.9% |
| 3-year house growth | - | +0.7% |
| Vacancy rate | 1.1% | 1.5% |
| Population | 31 | 6,518 |
Gerrigerrup vs Hamlyn Heights: what the numbers say
Houses cost about the same in both suburbs: the median house price is $750K in Gerrigerrup and $750K in Hamlyn Heights.
On cash flow, Gerrigerrup leads: houses there return a gross rental yield of 4.19%, compared with 3.67% in Hamlyn Heights, a gap of 0.52 percentage points.
Rental vacancy is 1.1% in Gerrigerrup and 1.5% in Hamlyn Heights, so landlords in Gerrigerrup face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Hamlyn Heights is the bigger suburb, with a population of 6,518 against 31, roughly 210 times the size of Gerrigerrup; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Gerrigerrup for rental income, Gerrigerrup 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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Hamlyn Heights, VIC 3215
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