Goomalibee vs Norlane
Property investment comparison - Goomalibee, VIC 3673 vs Norlane, VIC 3214
Head-to-head across core investment metrics: Goomalibee wins 2, Norlane 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 | Goomalibee | Norlane |
|---|---|---|
| Median house price | $545K | $550K |
| Median unit price | $205K | $440K |
| Gross rental yield (houses) | - | 3.95% |
| Gross rental yield (units) | 4.75% | 4.91% |
| 1-year house growth | - | +19.1% |
| 3-year house growth | - | +15.4% |
| Vacancy rate | 2.9% | 2.1% |
| Population | 91 | 8,682 |
Goomalibee vs Norlane: what the numbers say
The median house price is $545K in Goomalibee and $550K in Norlane, so Goomalibee is the cheaper entry point, with Norlane houses about 1% dearer.
For units, Goomalibee sits at a median of $205K against $440K in Norlane, which makes Goomalibee the more affordable unit market and Norlane the pricier one.
Rental vacancy is 2.1% in Norlane and 2.9% in Goomalibee, so landlords in Norlane face less competition for tenants.
Norlane is the bigger suburb, with a population of 8,682 against 91, roughly 95 times the size of Goomalibee; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Goomalibee for a lower purchase price, Norlane 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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