Grangefields vs Noble Park North
Property investment comparison - Grangefields, VIC 3335 vs Noble Park North, VIC 3174
Head-to-head across core investment metrics: Grangefields wins 0, Noble Park North wins 3. 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 | Grangefields | Noble Park North |
|---|---|---|
| Median house price | $830K | $825K |
| Median unit price | - | $665K |
| Gross rental yield (houses) | 2.82% | 3.65% |
| Gross rental yield (units) | - | 4.21% |
| 1-year house growth | - | +3.3% |
| 3-year house growth | - | +12.1% |
| Vacancy rate | 13.9% | 2.3% |
| Population | 132 | 7,436 |
Grangefields vs Noble Park North: what the numbers say
The median house price is $830K in Grangefields and $825K in Noble Park North, so Noble Park North is the cheaper entry point, with Grangefields houses about 1% dearer.
On cash flow, Noble Park North leads: houses there return a gross rental yield of 3.65%, compared with 2.82% in Grangefields, a gap of 0.83 percentage points.
Rental vacancy is 2.3% in Noble Park North and 13.9% in Grangefields, so landlords in Noble Park North face less competition for tenants.
Noble Park North is the bigger suburb, with a population of 7,436 against 132, roughly 56 times the size of Grangefields; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Noble Park North for rental income, Noble Park North for a lower purchase price, Noble Park North 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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Noble Park North, VIC 3174
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