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Boronia vs Bunyip

Property investment comparison - Boronia, VIC 3155 vs Bunyip, VIC 3815

Head-to-head across core investment metrics: Boronia wins 0, Bunyip wins 3. 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.

MetricBoroniaBunyip
Median house price$890K$890K
Median unit price$710K-
Gross rental yield (houses)-3.25%
Gross rental yield (units)-3.87%
1-year house growth+4.6%+13.3%
3-year house growth+4.0%+20.2%
Vacancy rate1.5%0.5%
Population23,6073,131

Boronia vs Bunyip: what the numbers say

Houses cost about the same in both suburbs: the median house price is $890K in Boronia and $890K in Bunyip.

Over the past year house prices moved +4.6% in Boronia and +13.3% in Bunyip, so recent momentum favours Bunyip, although both suburbs recorded growth.

Looking back three years, Boronia houses are +4.0% and Bunyip houses +20.2%, so Bunyip has compounded faster than Boronia over the longer window.

Rental vacancy is 0.5% in Bunyip and 1.5% in Boronia, so landlords in Bunyip face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Boronia is the bigger suburb, with a population of 23,607 against 3,131, roughly 8 times the size of Bunyip; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Bunyip for recent price momentum, Bunyip 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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