Grenville vs Macleod
Property investment comparison - Grenville, VIC 3352 vs Macleod, VIC 3085
Head-to-head across core investment metrics: Grenville wins 0, Macleod 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 | Grenville | Macleod |
|---|---|---|
| Median house price | $1.2M | $1.2M |
| Median unit price | - | $755K |
| Gross rental yield (houses) | 2.18% | 2.75% |
| Gross rental yield (units) | - | 3.83% |
| 1-year house growth | - | +9.6% |
| 3-year house growth | - | +6.8% |
| Vacancy rate | 1.7% | 0.6% |
| Population | 113 | 9,892 |
Grenville vs Macleod: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.2M in Grenville and $1.2M in Macleod.
On cash flow, Macleod leads: houses there return a gross rental yield of 2.75%, compared with 2.18% in Grenville, a gap of 0.57 percentage points.
Rental vacancy is 0.6% in Macleod and 1.7% in Grenville, so landlords in Macleod face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Macleod is the bigger suburb, with a population of 9,892 against 113, roughly 88 times the size of Grenville; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Macleod for rental income, Macleod 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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