Grangefields vs South Geelong
Property investment comparison - Grangefields, VIC 3335 vs South Geelong, VIC 3220
Head-to-head across core investment metrics: Grangefields wins 0, South Geelong 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 | Grangefields | South Geelong |
|---|---|---|
| Median house price | $830K | $830K |
| Median unit price | - | $575K |
| Gross rental yield (houses) | 2.82% | 3.60% |
| Gross rental yield (units) | - | 4.17% |
| 1-year house growth | - | +7.7% |
| 3-year house growth | - | -9.3% |
| Vacancy rate | 13.9% | 1.0% |
| Population | 132 | 1,014 |
Grangefields vs South Geelong: what the numbers say
Houses cost about the same in both suburbs: the median house price is $830K in Grangefields and $830K in South Geelong.
On cash flow, South Geelong leads: houses there return a gross rental yield of 3.60%, compared with 2.82% in Grangefields, a gap of 0.78 percentage points.
Rental vacancy is 1.0% in South Geelong and 13.9% in Grangefields, so landlords in South Geelong face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
South Geelong is the bigger suburb, with a population of 1,014 against 132, roughly 8 times the size of Grangefields; a larger suburb usually means a deeper pool of buyers and tenants.
In short: South Geelong for rental income, South Geelong 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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