Hensley Park vs New Gisborne
Property investment comparison - Hensley Park, VIC 3301 vs New Gisborne, VIC 3438
Head-to-head across core investment metrics: Hensley Park wins 0, New Gisborne 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 | Hensley Park | New Gisborne |
|---|---|---|
| Median house price | $880K | $880K |
| Median unit price | - | - |
| Gross rental yield (houses) | 2.96% | 3.84% |
| Gross rental yield (units) | - | - |
| 1-year house growth | - | +0.5% |
| 3-year house growth | - | +3.6% |
| Vacancy rate | 14.5% | 3.3% |
| Population | 75 | 2,509 |
Hensley Park vs New Gisborne: what the numbers say
Houses cost about the same in both suburbs: the median house price is $880K in Hensley Park and $880K in New Gisborne.
On cash flow, New Gisborne leads: houses there return a gross rental yield of 3.84%, compared with 2.96% in Hensley Park, a gap of 0.88 percentage points.
Rental vacancy is 3.3% in New Gisborne and 14.5% in Hensley Park, so landlords in New Gisborne face less competition for tenants.
New Gisborne is the bigger suburb, with a population of 2,509 against 75, roughly 33 times the size of Hensley Park; a larger suburb usually means a deeper pool of buyers and tenants.
In short: New Gisborne for rental income, New Gisborne 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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