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Aberfeldie vs Tarnagulla

Property investment comparison - Aberfeldie, VIC 3040 vs Tarnagulla, VIC 3551

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

MetricAberfeldieTarnagulla
Median house price$1.8M-
Median unit price$685K$590K
Gross rental yield (houses)1.98%2.85%
Gross rental yield (units)-4.12%
1-year house growth-0.7%estimate+19.6%
3-year house growth--
Vacancy rate1.5%1.6%
Population3,925153

Aberfeldie vs Tarnagulla: what the numbers say

For units, Aberfeldie sits at a median of $685K against $590K in Tarnagulla, which makes Tarnagulla the more affordable unit market and Aberfeldie the pricier one.

On cash flow, Tarnagulla leads: houses there return a gross rental yield of 2.85%, compared with 1.98% in Aberfeldie, a gap of 0.87 percentage points.

Over the past year house prices moved -0.7% in Aberfeldie (an estimate) and +19.6% in Tarnagulla, so recent momentum favours Tarnagulla, while Aberfeldie went backwards.

Rental vacancy is 1.5% in Aberfeldie and 1.6% in Tarnagulla, 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 153, roughly 26 times the size of Tarnagulla; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Tarnagulla for rental income, Tarnagulla for recent price momentum, 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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