Gheringhap vs Surrey Hills
Property investment comparison - Gheringhap, VIC 3331 vs Surrey Hills, VIC 3127
Head-to-head across core investment metrics: Gheringhap wins 3, Surrey Hills 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.
| Metric | Gheringhap | Surrey Hills |
|---|---|---|
| Median house price | $2.2M | $2.2M |
| Median unit price | $530K | $900K |
| Gross rental yield (houses) | - | 2.23% |
| Gross rental yield (units) | 4.31% | 3.94% |
| 1-year house growth | - | -6.5%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 0.9% | 2.6% |
| Population | 132 | 13,655 |
Gheringhap vs Surrey Hills: what the numbers say
The median house price is $2.2M in Gheringhap and $2.2M in Surrey Hills, so Surrey Hills is the cheaper entry point, with Gheringhap houses about 1% dearer.
For units, Gheringhap sits at a median of $530K against $900K in Surrey Hills, which makes Gheringhap the more affordable unit market and Surrey Hills the pricier one.
Rental vacancy is 0.9% in Gheringhap and 2.6% in Surrey Hills, so landlords in Gheringhap face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Surrey Hills is the bigger suburb, with a population of 13,655 against 132, roughly 103 times the size of Gheringhap; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Surrey Hills for a lower purchase price, Gheringhap 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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