Hernes Oak vs Meadow Heights
Property investment comparison - Hernes Oak, VIC 3825 vs Meadow Heights, VIC 3048
Head-to-head across core investment metrics: Hernes Oak wins 0, Meadow Heights wins 1. 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 | Hernes Oak | Meadow Heights |
|---|---|---|
| Median house price | $685K | $685K |
| Median unit price | - | $545K |
| Gross rental yield (houses) | - | 4.05% |
| Gross rental yield (units) | - | 4.86% |
| 1-year house growth | - | +8.7% |
| 3-year house growth | - | +21.2% |
| Vacancy rate | 2.4% | 1.4% |
| Population | 365 | 14,890 |
Hernes Oak vs Meadow Heights: what the numbers say
Houses cost about the same in both suburbs: the median house price is $685K in Hernes Oak and $685K in Meadow Heights.
Rental vacancy is 1.4% in Meadow Heights and 2.4% in Hernes Oak, so landlords in Meadow Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Meadow Heights is the bigger suburb, with a population of 14,890 against 365, roughly 41 times the size of Hernes Oak; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Meadow Heights 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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Meadow Heights, VIC 3048
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