Homerton vs Trafalgar
Property investment comparison - Homerton, VIC 3304 vs Trafalgar, VIC 3824
Head-to-head across core investment metrics: Homerton wins 1, Trafalgar 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 | Homerton | Trafalgar |
|---|---|---|
| Median house price | $625K | $625K |
| Median unit price | - | $440K |
| Gross rental yield (houses) | 3.75% | 4.25% |
| Gross rental yield (units) | - | 4.96% |
| 1-year house growth | - | +6.6% |
| 3-year house growth | - | +9.8% |
| Vacancy rate | 0.7% | 1.4% |
| Population | 36 | 4,349 |
Homerton vs Trafalgar: what the numbers say
Houses cost about the same in both suburbs: the median house price is $625K in Homerton and $625K in Trafalgar.
On cash flow, Trafalgar leads: houses there return a gross rental yield of 4.25%, compared with 3.75% in Homerton, a gap of 0.50 percentage points.
Rental vacancy is 0.7% in Homerton and 1.4% in Trafalgar, so landlords in Homerton face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Trafalgar is the bigger suburb, with a population of 4,349 against 36, roughly 121 times the size of Homerton; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Trafalgar for rental income, Homerton 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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