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Locksley vs Noble Park North

Property investment comparison - Locksley, VIC 3665 vs Noble Park North, VIC 3174

Head-to-head across core investment metrics: Locksley wins 0, Noble Park North 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.

MetricLocksleyNoble Park North
Median house price$825K$825K
Median unit price-$665K
Gross rental yield (houses)2.81%3.65%
Gross rental yield (units)-4.21%
1-year house growth-+3.3%
3-year house growth-+12.1%
Vacancy rate-2.3%
Population1317,436

Locksley vs Noble Park North: what the numbers say

Houses cost about the same in both suburbs: the median house price is $825K in Locksley and $825K in Noble Park North.

On cash flow, Noble Park North leads: houses there return a gross rental yield of 3.65%, compared with 2.81% in Locksley, a gap of 0.84 percentage points.

Noble Park North is the bigger suburb, with a population of 7,436 against 131, roughly 57 times the size of Locksley; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Noble Park North for rental income. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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