Blackburn North vs Mordialloc

The median house price is $1.4M in Blackburn North and $1.4M in Mordialloc, so Mordialloc is the cheaper entry point.

Over the past year house prices moved +5.7% in Blackburn North and +8.1% in Mordialloc, so recent momentum favours Mordialloc, although both suburbs recorded growth.

Looking back three years, Blackburn North houses are +9.8% and Mordialloc houses -0.7%, so Blackburn North has compounded faster than Mordialloc over the longer window.

Rental vacancy is 0.9% in Mordialloc and 1.6% in Blackburn North, so landlords in Mordialloc face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Mordialloc is the bigger suburb, with a population of 8,886 against 7,627, larger than Blackburn North; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Mordialloc for a lower purchase price, Mordialloc for recent price momentum, Mordialloc for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.