Greenhill vs Newtown
Property investment comparison - Greenhill, VIC 3444 vs Newtown, VIC 3220
Head-to-head across core investment metrics: Greenhill wins 1, Newtown 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.
| Metric | Greenhill | Newtown |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | - | $580K |
| Gross rental yield (houses) | 2.72% | 2.96% |
| Gross rental yield (units) | - | 4.25% |
| 1-year house growth | - | +3.8% |
| 3-year house growth | - | -9.9% |
| Vacancy rate | 0.5% | 0.8% |
| Population | 60 | 10,445 |
Greenhill vs Newtown: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.1M in Greenhill and $1.1M in Newtown.
On cash flow, Newtown leads: houses there return a gross rental yield of 2.96%, compared with 2.72% in Greenhill, a gap of 0.24 percentage points.
Rental vacancy is 0.5% in Greenhill and 0.8% in Newtown, so landlords in Greenhill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Newtown is the bigger suburb, with a population of 10,445 against 60, roughly 174 times the size of Greenhill; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Newtown for rental income, Greenhill 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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