Lucas vs Swanpool
Property investment comparison - Lucas, VIC 3350 vs Swanpool, VIC 3673
Head-to-head across core investment metrics: Lucas wins 3, Swanpool 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 | Lucas | Swanpool |
|---|---|---|
| Median house price | $645K | $645K |
| Median unit price | $375K | $280K |
| Gross rental yield (houses) | 3.91% | 3.90% |
| Gross rental yield (units) | 5.30% | 3.51% |
| 1-year house growth | +4.0% | - |
| 3-year house growth | +0.8% | - |
| Vacancy rate | 0.8% | 3.0% |
| Population | 2,994 | 227 |
Lucas vs Swanpool: what the numbers say
Houses cost about the same in both suburbs: the median house price is $645K in Lucas and $645K in Swanpool.
For units, Lucas sits at a median of $375K against $280K in Swanpool, which makes Swanpool the more affordable unit market and Lucas the pricier one.
Gross rental yield on houses is effectively level, at 3.91% in Lucas and 3.90% in Swanpool, so neither suburb has a cash flow edge on houses.
Rental vacancy is 0.8% in Lucas and 3.0% in Swanpool, so landlords in Lucas face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Lucas is the bigger suburb, with a population of 2,994 against 227, roughly 13 times the size of Swanpool; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Lucas 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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