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Plumpton vs Smythes Creek

Property investment comparison - Plumpton, VIC 3335 vs Smythes Creek, VIC 3351

Head-to-head across core investment metrics: Plumpton wins 1, Smythes Creek 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.

MetricPlumptonSmythes Creek
Median house price$635K$630K
Median unit price$605K$540K
Gross rental yield (houses)3.14%3.50%
Gross rental yield (units)4.55%2.84%
1-year house growth-+3.2%estimate
3-year house growth--
Vacancy rate9.2%1.4%
Population791,762

Plumpton vs Smythes Creek: what the numbers say

The median house price is $635K in Plumpton and $630K in Smythes Creek, so Smythes Creek is the cheaper entry point, with Plumpton houses about 1% dearer.

For units, Plumpton sits at a median of $605K against $540K in Smythes Creek, which makes Smythes Creek the more affordable unit market and Plumpton the pricier one.

On cash flow, Smythes Creek leads: houses there return a gross rental yield of 3.50%, compared with 3.14% in Plumpton, a gap of 0.36 percentage points.

Rental vacancy is 1.4% in Smythes Creek and 9.2% in Plumpton, so landlords in Smythes Creek face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Smythes Creek is the bigger suburb, with a population of 1,762 against 79, roughly 22 times the size of Plumpton; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Smythes Creek for rental income, Smythes Creek for a lower purchase price, Smythes Creek 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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Plumpton vs Smythes Creek: Suburb Comparison 2026