Granya vs Nhill
Property investment comparison - Granya, VIC 3701 vs Nhill, VIC 3418
Head-to-head across core investment metrics: Granya wins 1, Nhill wins 4. 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 | Granya | Nhill |
|---|---|---|
| Median house price | $305K | $280K |
| Median unit price | $440K | $375K |
| Gross rental yield (houses) | 5.86% | 6.64% |
| Gross rental yield (units) | 5.26% | 2.40% |
| 1-year house growth | - | +17.4%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 11.7% | 0.1% |
| Population | 88 | 2,401 |
Granya vs Nhill: what the numbers say
The median house price is $305K in Granya and $280K in Nhill, so Nhill is the cheaper entry point, with Granya houses about 9% dearer.
For units, Granya sits at a median of $440K against $375K in Nhill, which makes Nhill the more affordable unit market and Granya the pricier one.
On cash flow, Nhill leads: houses there return a gross rental yield of 6.64%, compared with 5.86% in Granya, a gap of 0.78 percentage points.
Rental vacancy is 0.1% in Nhill and 11.7% in Granya, so landlords in Nhill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Nhill is the bigger suburb, with a population of 2,401 against 88, roughly 27 times the size of Granya; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Nhill for rental income, Nhill for a lower purchase price, Nhill 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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