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Harkness vs Plumpton

Property investment comparison - Harkness, VIC 3337 vs Plumpton, VIC 3335

Head-to-head across core investment metrics: Harkness wins 4, Plumpton wins 0. 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.

MetricHarknessPlumpton
Median house price$635K$635K
Median unit price$440K$605K
Gross rental yield (houses)3.71%3.14%
Gross rental yield (units)4.80%4.55%
1-year house growth+10.9%estimate-
3-year house growth--
Vacancy rate3.2%9.2%
Population12,46379

Harkness vs Plumpton: what the numbers say

Houses cost about the same in both suburbs: the median house price is $635K in Harkness and $635K in Plumpton.

For units, Harkness sits at a median of $440K against $605K in Plumpton, which makes Harkness the more affordable unit market and Plumpton the pricier one.

On cash flow, Harkness leads: houses there return a gross rental yield of 3.71%, compared with 3.14% in Plumpton, a gap of 0.57 percentage points.

Rental vacancy is 3.2% in Harkness and 9.2% in Plumpton, so landlords in Harkness face less competition for tenants.

Harkness is the bigger suburb, with a population of 12,463 against 79, roughly 158 times the size of Plumpton; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Harkness for rental income, Harkness 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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