Hazel Park vs Taylors Lakes
Property investment comparison - Hazel Park, VIC 3966 vs Taylors Lakes, VIC 3038
Head-to-head across core investment metrics: Hazel Park wins 0, Taylors Lakes wins 2. 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 | Taylors Lakes |
|---|---|---|
| Median house price | $990K | $990K |
| Median unit price | - | $625K |
| Gross rental yield (houses) | 1.78% | 3.15% |
| Gross rental yield (units) | - | 4.49% |
| 1-year house growth | - | +8.3% |
| 3-year house growth | - | +7.4% |
| Vacancy rate | 3.0% | 1.5% |
| Population | 55 | 15,174 |
Hazel Park vs Taylors Lakes: what the numbers say
Houses cost about the same in both suburbs: the median house price is $990K in Hazel Park and $990K in Taylors Lakes.
On cash flow, Taylors Lakes leads: houses there return a gross rental yield of 3.15%, compared with 1.78% in Hazel Park, a gap of 1.37 percentage points.
Rental vacancy is 1.5% in Taylors Lakes and 3.0% in Hazel Park, so landlords in Taylors Lakes face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Taylors Lakes is the bigger suburb, with a population of 15,174 against 55, roughly 276 times the size of Hazel Park; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Taylors Lakes for rental income, Taylors Lakes 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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