Grafton vs Oberon
Property investment comparison - Grafton, NSW 2460 vs Oberon, NSW 2787
Head-to-head across core investment metrics: Grafton wins 5, Oberon 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 | Grafton | Oberon |
|---|---|---|
| Median house price | $560K | $560K |
| Median unit price | $420K | $445K |
| Gross rental yield (houses) | 5.11% | - |
| Gross rental yield (units) | 5.06% | 4.70% |
| 1-year house growth | +7.2% | +5.0% |
| 3-year house growth | +13.6% | +13.4% |
| Vacancy rate | 0.3% | 1.5% |
| Population | 10,563 | 3,319 |
Grafton vs Oberon: what the numbers say
Houses cost about the same in both suburbs: the median house price is $560K in Grafton and $560K in Oberon.
For units, Grafton sits at a median of $420K against $445K in Oberon, which makes Grafton the more affordable unit market and Oberon the pricier one.
Over the past year house prices moved +7.2% in Grafton and +5.0% in Oberon, so recent momentum favours Grafton, although both suburbs recorded growth.
Looking back three years, Grafton houses are +13.6% and Oberon houses +13.4%, so Grafton has compounded faster than Oberon over the longer window.
Rental vacancy is 0.3% in Grafton and 1.5% in Oberon, so landlords in Grafton face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Grafton is the bigger suburb, with a population of 10,563 against 3,319, roughly 3.2 times the size of Oberon; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Grafton for recent price momentum, Grafton 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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