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Aberfeldie vs Nullawarre North

Property investment comparison - Aberfeldie, VIC 3040 vs Nullawarre North, VIC 3268

Head-to-head across core investment metrics: Aberfeldie wins 1, Nullawarre North wins 1. 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.

MetricAberfeldieNullawarre North
Median house price$1.8M-
Median unit price$685K-
Gross rental yield (houses)1.98%3.32%
Gross rental yield (units)--
1-year house growth-0.7%estimate-
3-year house growth--
Vacancy rate1.5%2.7%
Population3,92546

Aberfeldie vs Nullawarre North: what the numbers say

On cash flow, Nullawarre North leads: houses there return a gross rental yield of 3.32%, compared with 1.98% in Aberfeldie, a gap of 1.34 percentage points.

Rental vacancy is 1.5% in Aberfeldie and 2.7% in Nullawarre North, 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 46, roughly 85 times the size of Nullawarre North; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Nullawarre North 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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