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Thornhill Park vs Trafalgar

Property investment comparison - Thornhill Park, VIC 3335 vs Trafalgar, VIC 3824

Head-to-head across core investment metrics: Thornhill Park wins 0, Trafalgar wins 5. 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.

MetricThornhill ParkTrafalgar
Median house price$625K$625K
Median unit price$515K$440K
Gross rental yield (houses)-4.25%
Gross rental yield (units)3.85%4.96%
1-year house growth+4.5%+6.6%
3-year house growth+0.7%+9.8%
Vacancy rate5.5%1.4%
Population3,0664,349

Thornhill Park vs Trafalgar: what the numbers say

Houses cost about the same in both suburbs: the median house price is $625K in Thornhill Park and $625K in Trafalgar.

For units, Thornhill Park sits at a median of $515K against $440K in Trafalgar, which makes Trafalgar the more affordable unit market and Thornhill Park the pricier one.

Over the past year house prices moved +4.5% in Thornhill Park and +6.6% in Trafalgar, so recent momentum favours Trafalgar, although both suburbs recorded growth.

Looking back three years, Thornhill Park houses are +0.7% and Trafalgar houses +9.8%, so Trafalgar has compounded faster than Thornhill Park over the longer window.

Rental vacancy is 1.4% in Trafalgar and 5.5% in Thornhill Park, so landlords in Trafalgar 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 3,066, larger than Thornhill Park; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Trafalgar for recent price momentum, Trafalgar 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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