Adventure Bay vs Melrose
Property investment comparison - Adventure Bay, TAS 7150 vs Melrose, TAS 7310
Head-to-head across core investment metrics: Adventure Bay wins 1, Melrose 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.
| Metric | Adventure Bay | Melrose |
|---|---|---|
| Median house price | $700K | - |
| Median unit price | $350K | $365K |
| Gross rental yield (houses) | 2.71% | 3.18% |
| Gross rental yield (units) | 4.79% | 6.27% |
| 1-year house growth | +4.7%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 4.5% | 0.8% |
| Population | 218 | 94 |
Adventure Bay vs Melrose: what the numbers say
For units, Adventure Bay sits at a median of $350K against $365K in Melrose, which makes Adventure Bay the more affordable unit market and Melrose the pricier one.
On cash flow, Melrose leads: houses there return a gross rental yield of 3.18%, compared with 2.71% in Adventure Bay, a gap of 0.47 percentage points.
Rental vacancy is 0.8% in Melrose and 4.5% in Adventure Bay, so landlords in Melrose face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Adventure Bay is the bigger suburb, with a population of 218 against 94, roughly 2.3 times the size of Melrose; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Melrose for rental income, Melrose for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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