Hawthorn vs Stonehaven
Property investment comparison - Hawthorn, VIC 3122 vs Stonehaven, VIC 3218
Head-to-head across core investment metrics: Hawthorn wins 1, Stonehaven 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 | Hawthorn | Stonehaven |
|---|---|---|
| Median house price | $2.7M | $2.7M |
| Median unit price | $590K | - |
| Gross rental yield (houses) | 2.03% | - |
| Gross rental yield (units) | 5.05% | - |
| 1-year house growth | -8.7%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 0.9% | 2.9% |
| Population | 22,322 | 79 |
Hawthorn vs Stonehaven: what the numbers say
The median house price is $2.7M in Hawthorn and $2.7M in Stonehaven, so Stonehaven is the cheaper entry point, with Hawthorn houses about 1% dearer.
Rental vacancy is 0.9% in Hawthorn and 2.9% in Stonehaven, so landlords in Hawthorn face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Hawthorn is the bigger suburb, with a population of 22,322 against 79, roughly 283 times the size of Stonehaven; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Stonehaven for a lower purchase price, Hawthorn 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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