Glenfyne vs Hamlyn Heights
Property investment comparison - Glenfyne, VIC 3266 vs Hamlyn Heights, VIC 3215
Head-to-head across core investment metrics: Glenfyne wins 3, Hamlyn Heights wins 2. 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 | Glenfyne | Hamlyn Heights |
|---|---|---|
| Median house price | $755K | $750K |
| Median unit price | $310K | $580K |
| Gross rental yield (houses) | 2.61% | 3.67% |
| Gross rental yield (units) | 4.05% | 3.94% |
| 1-year house growth | - | +3.9% |
| 3-year house growth | - | +0.7% |
| Vacancy rate | 0.5% | 1.5% |
| Population | 131 | 6,518 |
Glenfyne vs Hamlyn Heights: what the numbers say
The median house price is $755K in Glenfyne and $750K in Hamlyn Heights, so Hamlyn Heights is the cheaper entry point, with Glenfyne houses about 1% dearer.
For units, Glenfyne sits at a median of $310K against $580K in Hamlyn Heights, which makes Glenfyne the more affordable unit market and Hamlyn Heights the pricier one.
On cash flow, Hamlyn Heights leads: houses there return a gross rental yield of 3.67%, compared with 2.61% in Glenfyne, a gap of 1.06 percentage points.
Rental vacancy is 0.5% in Glenfyne and 1.5% in Hamlyn Heights, so landlords in Glenfyne 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 131, roughly 50 times the size of Glenfyne; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Hamlyn Heights for rental income, Hamlyn Heights for a lower purchase price, Glenfyne 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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