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Aberfeldie vs Mundoona

Property investment comparison - Aberfeldie, VIC 3040 vs Mundoona, VIC 3635

Head-to-head across core investment metrics: Aberfeldie wins 1, Mundoona wins 2. 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.

MetricAberfeldieMundoona
Median house price$1.8M-
Median unit price$685K$160K
Gross rental yield (houses)1.98%4.94%
Gross rental yield (units)-7.99%
1-year house growth-0.7%estimate-
3-year house growth--
Vacancy rate1.5%3.9%
Population3,925138

Aberfeldie vs Mundoona: what the numbers say

For units, Aberfeldie sits at a median of $685K against $160K in Mundoona, which makes Mundoona the more affordable unit market and Aberfeldie the pricier one.

On cash flow, Mundoona leads: houses there return a gross rental yield of 4.94%, compared with 1.98% in Aberfeldie, a gap of 2.96 percentage points.

Rental vacancy is 1.5% in Aberfeldie and 3.9% in Mundoona, so landlords in Aberfeldie 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 138, roughly 28 times the size of Mundoona; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Mundoona for rental income, Aberfeldie 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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