Greenhill vs Spotswood
Property investment comparison - Greenhill, VIC 3444 vs Spotswood, VIC 3015
Head-to-head across core investment metrics: Greenhill wins 1, Spotswood 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 | Spotswood |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | - | $765K |
| Gross rental yield (houses) | 2.72% | 3.29% |
| Gross rental yield (units) | - | - |
| 1-year house growth | - | -6.1% |
| 3-year house growth | - | +4.1% |
| Vacancy rate | 0.5% | 3.6% |
| Population | 60 | 2,820 |
Greenhill vs Spotswood: 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 Spotswood.
On cash flow, Spotswood leads: houses there return a gross rental yield of 3.29%, compared with 2.72% in Greenhill, a gap of 0.57 percentage points.
Rental vacancy is 0.5% in Greenhill and 3.6% in Spotswood, so landlords in Greenhill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Spotswood is the bigger suburb, with a population of 2,820 against 60, roughly 47 times the size of Greenhill; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Spotswood 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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