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Bonang vs Maffra

Property investment comparison - Bonang, VIC 3888 vs Maffra, VIC 3860

Head-to-head across core investment metrics: Bonang wins 1, Maffra wins 2. 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.

MetricBonangMaffra
Median house price$505K$500K
Median unit price-$360K
Gross rental yield (houses)4.77%4.98%
Gross rental yield (units)--
1-year house growth-+12.5%
3-year house growth-+10.6%
Vacancy rate0.8%1.5%
Population525,384

Bonang vs Maffra: what the numbers say

The median house price is $505K in Bonang and $500K in Maffra, so Maffra is the cheaper entry point, with Bonang houses about 1% dearer.

On cash flow, Maffra leads: houses there return a gross rental yield of 4.98%, compared with 4.77% in Bonang, a gap of 0.21 percentage points.

Rental vacancy is 0.8% in Bonang and 1.5% in Maffra, so landlords in Bonang face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Maffra is the bigger suburb, with a population of 5,384 against 52, roughly 104 times the size of Bonang; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Maffra for rental income, Maffra for a lower purchase price, Bonang 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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