Hazel Park vs Montrose
Property investment comparison - Hazel Park, VIC 3966 vs Montrose, VIC 3765
Head-to-head across core investment metrics: Hazel Park wins 0, Montrose 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 | Hazel Park | Montrose |
|---|---|---|
| Median house price | $990K | $980K |
| Median unit price | - | - |
| Gross rental yield (houses) | 1.78% | 3.63% |
| Gross rental yield (units) | - | 3.52% |
| 1-year house growth | - | +2.9% |
| 3-year house growth | - | +15.8% |
| Vacancy rate | 3.0% | 0.3% |
| Population | 55 | 6,900 |
Hazel Park vs Montrose: what the numbers say
The median house price is $990K in Hazel Park and $980K in Montrose, so Montrose is the cheaper entry point, with Hazel Park houses about 1% dearer.
On cash flow, Montrose leads: houses there return a gross rental yield of 3.63%, compared with 1.78% in Hazel Park, a gap of 1.85 percentage points.
Rental vacancy is 0.3% in Montrose and 3.0% in Hazel Park, so landlords in Montrose face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Montrose is the bigger suburb, with a population of 6,900 against 55, roughly 125 times the size of Hazel Park; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Montrose for rental income, Montrose for a lower purchase price, Montrose 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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