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Graytown vs Nagambie

Property investment comparison - Graytown, VIC 3608 vs Nagambie, VIC 3608

Head-to-head across core investment metrics: Graytown wins 2, Nagambie wins 1. 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.

MetricGraytownNagambie
Median house price$640K$640K
Median unit price$345K$510K
Gross rental yield (houses)4.38%4.90%
Gross rental yield (units)-4.98%
1-year house growth-+3.2%
3-year house growth--10.1%
Vacancy rate1.3%1.4%
Population602,254

Graytown vs Nagambie: what the numbers say

Houses cost about the same in both suburbs: the median house price is $640K in Graytown and $640K in Nagambie.

For units, Graytown sits at a median of $345K against $510K in Nagambie, which makes Graytown the more affordable unit market and Nagambie the pricier one.

On cash flow, Nagambie leads: houses there return a gross rental yield of 4.90%, compared with 4.38% in Graytown, a gap of 0.52 percentage points.

Rental vacancy is 1.3% in Graytown and 1.4% in Nagambie, so landlords in Graytown face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Nagambie is the bigger suburb, with a population of 2,254 against 60, roughly 38 times the size of Graytown; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Nagambie for rental income, Graytown 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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