McCrae vs Strathmore Heights
Property investment comparison - McCrae, VIC 3938 vs Strathmore Heights, VIC 3041
Head-to-head across core investment metrics: McCrae wins 1, Strathmore Heights wins 4. 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 | McCrae | Strathmore Heights |
|---|---|---|
| Median house price | $1.2M | $1.2M |
| Median unit price | $785K | - |
| Gross rental yield (houses) | 3.38% | - |
| Gross rental yield (units) | 4.30% | 4.29% |
| 1-year house growth | -7.5% | +7.3% |
| 3-year house growth | -9.4% | +12.7% |
| Vacancy rate | 4.4% | 1.4% |
| Population | 3,311 | 1,047 |
McCrae vs Strathmore Heights: what the numbers say
The median house price is $1.2M in McCrae and $1.2M in Strathmore Heights, so Strathmore Heights is the cheaper entry point, with McCrae houses about 1% dearer.
Over the past year house prices moved -7.5% in McCrae and +7.3% in Strathmore Heights, so recent momentum favours Strathmore Heights, while McCrae went backwards.
Looking back three years, McCrae houses are -9.4% and Strathmore Heights houses +12.7%, so Strathmore Heights has compounded faster than McCrae over the longer window.
Rental vacancy is 1.4% in Strathmore Heights and 4.4% in McCrae, so landlords in Strathmore Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
McCrae is the bigger suburb, with a population of 3,311 against 1,047, roughly 3.2 times the size of Strathmore Heights; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Strathmore Heights for a lower purchase price, Strathmore Heights for recent price momentum, Strathmore 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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Strathmore Heights, VIC 3041
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