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Aberfeldie vs Moonlight Flat

Property investment comparison - Aberfeldie, VIC 3040 vs Moonlight Flat, VIC 3450

Head-to-head across core investment metrics: Aberfeldie wins 0, Moonlight Flat wins 3. 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.

MetricAberfeldieMoonlight Flat
Median house price$1.8M-
Median unit price$685K$660K
Gross rental yield (houses)1.98%2.56%
Gross rental yield (units)-3.54%
1-year house growth-0.7%estimate-
3-year house growth--
Vacancy rate1.5%0.7%
Population3,92581

Aberfeldie vs Moonlight Flat: what the numbers say

For units, Aberfeldie sits at a median of $685K against $660K in Moonlight Flat, which makes Moonlight Flat the more affordable unit market and Aberfeldie the pricier one.

On cash flow, Moonlight Flat leads: houses there return a gross rental yield of 2.56%, compared with 1.98% in Aberfeldie, a gap of 0.58 percentage points.

Rental vacancy is 0.7% in Moonlight Flat and 1.5% in Aberfeldie, so landlords in Moonlight Flat face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Aberfeldie is the bigger suburb, with a population of 3,925 against 81, roughly 48 times the size of Moonlight Flat; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Moonlight Flat for rental income, Moonlight Flat 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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