Herne Hill vs Leslie Manor
Property investment comparison - Herne Hill, VIC 3218 vs Leslie Manor, VIC 3260
Head-to-head across core investment metrics: Herne Hill wins 0, Leslie Manor 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 | Herne Hill | Leslie Manor |
|---|---|---|
| Median house price | $800K | $795K |
| Median unit price | $400K | - |
| Gross rental yield (houses) | 3.57% | 3.64% |
| Gross rental yield (units) | 4.90% | - |
| 1-year house growth | +3.2% | - |
| 3-year house growth | +12.1% | - |
| Vacancy rate | 2.1% | 0.5% |
| Population | 3,507 | 66 |
Herne Hill vs Leslie Manor: what the numbers say
The median house price is $800K in Herne Hill and $795K in Leslie Manor, so Leslie Manor is the cheaper entry point, with Herne Hill houses about 1% dearer.
On cash flow, Leslie Manor leads: houses there return a gross rental yield of 3.64%, compared with 3.57% in Herne Hill, a gap of 0.07 percentage points.
Rental vacancy is 0.5% in Leslie Manor and 2.1% in Herne Hill, so landlords in Leslie Manor face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Herne Hill is the bigger suburb, with a population of 3,507 against 66, roughly 53 times the size of Leslie Manor; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Leslie Manor for rental income, Leslie Manor for a lower purchase price, Leslie Manor 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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