Hamlyn Heights vs St Germains
Property investment comparison - Hamlyn Heights, VIC 3215 vs St Germains, VIC 3620
Head-to-head across core investment metrics: Hamlyn Heights wins 1, St Germains 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 | Hamlyn Heights | St Germains |
|---|---|---|
| Median house price | $750K | $750K |
| Median unit price | $580K | $350K |
| Gross rental yield (houses) | 3.67% | 3.56% |
| Gross rental yield (units) | 3.94% | 4.60% |
| 1-year house growth | +3.9% | - |
| 3-year house growth | +0.7% | - |
| Vacancy rate | 1.5% | 0.4% |
| Population | 6,518 | 75 |
Hamlyn Heights vs St Germains: what the numbers say
Houses cost about the same in both suburbs: the median house price is $750K in Hamlyn Heights and $750K in St Germains.
For units, Hamlyn Heights sits at a median of $580K against $350K in St Germains, which makes St Germains the more affordable unit market and Hamlyn Heights the pricier one.
On cash flow, Hamlyn Heights leads: houses there return a gross rental yield of 3.67%, compared with 3.56% in St Germains, a gap of 0.11 percentage points.
Rental vacancy is 0.4% in St Germains and 1.5% in Hamlyn Heights, so landlords in St Germains face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Hamlyn Heights is the bigger suburb, with a population of 6,518 against 75, roughly 87 times the size of St Germains; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Hamlyn Heights for rental income, St Germains 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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Hamlyn Heights, VIC 3215
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