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Highlands vs Lake Boga

Property investment comparison - Highlands, VIC 3660 vs Lake Boga, VIC 3584

Head-to-head across core investment metrics: Highlands wins 2, Lake Boga 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.

MetricHighlandsLake Boga
Median house price$385K$370K
Median unit price$350K$415K
Gross rental yield (houses)6.43%5.83%
Gross rental yield (units)5.62%5.87%
1-year house growth-+7.9%estimate
3-year house growth--
Vacancy rate1.1%1.1%
Population151982

Highlands vs Lake Boga: what the numbers say

The median house price is $385K in Highlands and $370K in Lake Boga, so Lake Boga is the cheaper entry point, with Highlands houses about 4% dearer.

For units, Highlands sits at a median of $350K against $415K in Lake Boga, which makes Highlands the more affordable unit market and Lake Boga the pricier one.

On cash flow, Highlands leads: houses there return a gross rental yield of 6.43%, compared with 5.83% in Lake Boga, a gap of 0.60 percentage points.

Rental vacancy is the same in both, at 1.1%.

Lake Boga is the bigger suburb, with a population of 982 against 151, roughly 7 times the size of Highlands; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Highlands for rental income, Lake Boga for a lower purchase price. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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Highlands vs Lake Boga: Suburb Comparison 2026