Albanvale vs Myers Flat
Property investment comparison - Albanvale, VIC 3021 vs Myers Flat, VIC 3556
Head-to-head across core investment metrics: Albanvale wins 2, Myers Flat 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.
| Metric | Albanvale | Myers Flat |
|---|---|---|
| Median house price | $690K | - |
| Median unit price | - | $575K |
| Gross rental yield (houses) | 3.74% | 2.28% |
| Gross rental yield (units) | 5.00% | 4.06% |
| 1-year house growth | +10.4% | - |
| 3-year house growth | +13.4% | - |
| Vacancy rate | 0.6% | 0.6% |
| Population | 5,641 | 545 |
Albanvale vs Myers Flat: what the numbers say
On cash flow, Albanvale leads: houses there return a gross rental yield of 3.74%, compared with 2.28% in Myers Flat, a gap of 1.46 percentage points.
Rental vacancy is 0.6% in Myers Flat and 0.6% in Albanvale, so landlords in Myers Flat face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Albanvale is the bigger suburb, with a population of 5,641 against 545, roughly 10 times the size of Myers Flat; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Albanvale for rental income, Myers Flat 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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