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Avenel vs Molyullah

Property investment comparison - Avenel, VIC 3664 vs Molyullah, VIC 3673

Head-to-head across core investment metrics: Avenel wins 2, Molyullah 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.

MetricAvenelMolyullah
Median house price$635K$635K
Median unit price-$380K
Gross rental yield (houses)3.81%4.00%
Gross rental yield (units)5.01%2.81%
1-year house growth+5.5%estimate-
3-year house growth--
Vacancy rate1.0%3.2%
Population1,112160

Avenel vs Molyullah: what the numbers say

Houses cost about the same in both suburbs: the median house price is $635K in Avenel and $635K in Molyullah.

On cash flow, Molyullah leads: houses there return a gross rental yield of 4.00%, compared with 3.81% in Avenel, a gap of 0.19 percentage points.

Rental vacancy is 1.0% in Avenel and 3.2% in Molyullah, so landlords in Avenel face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Avenel is the bigger suburb, with a population of 1,112 against 160, roughly 7 times the size of Molyullah; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Molyullah for rental income, Avenel 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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