Hamilton vs Koroop
Property investment comparison - Hamilton, VIC 3300 vs Koroop, VIC 3579
Head-to-head across core investment metrics: Hamilton wins 2, Koroop wins 3. 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 | Hamilton | Koroop |
|---|---|---|
| Median house price | $440K | $435K |
| Median unit price | $325K | $215K |
| Gross rental yield (houses) | 4.76% | 4.33% |
| Gross rental yield (units) | 5.53% | 5.55% |
| 1-year house growth | +10.6%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 0.3% | 0.8% |
| Population | 10,346 | 63 |
Hamilton vs Koroop: what the numbers say
The median house price is $440K in Hamilton and $435K in Koroop, so Koroop is the cheaper entry point, with Hamilton houses about 1% dearer.
For units, Hamilton sits at a median of $325K against $215K in Koroop, which makes Koroop the more affordable unit market and Hamilton the pricier one.
On cash flow, Hamilton leads: houses there return a gross rental yield of 4.76%, compared with 4.33% in Koroop, a gap of 0.43 percentage points.
Rental vacancy is 0.3% in Hamilton and 0.8% in Koroop, so landlords in Hamilton face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Hamilton is the bigger suburb, with a population of 10,346 against 63, roughly 164 times the size of Koroop; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Hamilton for rental income, Koroop for a lower purchase price, Hamilton 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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