Hepburn Springs vs Junction Village
Property investment comparison - Hepburn Springs, VIC 3461 vs Junction Village, VIC 3977
Head-to-head across core investment metrics: Hepburn Springs wins 1, Junction Village 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 | Hepburn Springs | Junction Village |
|---|---|---|
| Median house price | $760K | $760K |
| Median unit price | $500K | - |
| Gross rental yield (houses) | 3.70% | - |
| Gross rental yield (units) | 4.54% | 4.91% |
| 1-year house growth | +0.6% | +13.6%estimate |
| 3-year house growth | -3.2% | - |
| Vacancy rate | 1.2% | 3.8% |
| Population | 368 | 1,051 |
Hepburn Springs vs Junction Village: what the numbers say
Houses cost about the same in both suburbs: the median house price is $760K in Hepburn Springs and $760K in Junction Village.
Over the past year house prices moved +0.6% in Hepburn Springs and +13.6% in Junction Village (an estimate), so recent momentum favours Junction Village, although both suburbs recorded growth.
Rental vacancy is 1.2% in Hepburn Springs and 3.8% in Junction Village, so landlords in Hepburn Springs face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Junction Village is the bigger suburb, with a population of 1,051 against 368, roughly 2.9 times the size of Hepburn Springs; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Junction Village for recent price momentum, Hepburn Springs 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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Hepburn Springs, VIC 3461
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Junction Village, VIC 3977
Open Junction Village suburb profileRecent sales in Junction Village
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