Altona Meadows vs Panmure
Property investment comparison - Altona Meadows, VIC 3028 vs Panmure, VIC 3265
Head-to-head across core investment metrics: Altona Meadows wins 2, Panmure wins 0. 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 | Altona Meadows | Panmure |
|---|---|---|
| Median house price | $775K | $775K |
| Median unit price | $560K | - |
| Gross rental yield (houses) | 3.65% | 2.78% |
| Gross rental yield (units) | 4.37% | - |
| 1-year house growth | +5.4% | - |
| 3-year house growth | +11.6% | - |
| Vacancy rate | 1.5% | 2.8% |
| Population | 18,479 | 442 |
Altona Meadows vs Panmure: what the numbers say
Houses cost about the same in both suburbs: the median house price is $775K in Altona Meadows and $775K in Panmure.
On cash flow, Altona Meadows leads: houses there return a gross rental yield of 3.65%, compared with 2.78% in Panmure, a gap of 0.87 percentage points.
Rental vacancy is 1.5% in Altona Meadows and 2.8% in Panmure, so landlords in Altona Meadows face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Altona Meadows is the bigger suburb, with a population of 18,479 against 442, roughly 42 times the size of Panmure; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Altona Meadows for rental income, Altona Meadows 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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Altona Meadows, VIC 3028
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