Bundoora vs Ondit
Property investment comparison - Bundoora, VIC 3083 vs Ondit, VIC 3249
Head-to-head across core investment metrics: Bundoora wins 2, Ondit 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.
| Metric | Bundoora | Ondit |
|---|---|---|
| Median house price | $910K | $910K |
| Median unit price | $505K | $395K |
| Gross rental yield (houses) | 3.44% | 2.52% |
| Gross rental yield (units) | 5.25% | 3.68% |
| 1-year house growth | +1.8%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.5% | 1.0% |
| Population | 28,068 | 101 |
Bundoora vs Ondit: what the numbers say
Houses cost about the same in both suburbs: the median house price is $910K in Bundoora and $910K in Ondit.
For units, Bundoora sits at a median of $505K against $395K in Ondit, which makes Ondit the more affordable unit market and Bundoora the pricier one.
On cash flow, Bundoora leads: houses there return a gross rental yield of 3.44%, compared with 2.52% in Ondit, a gap of 0.92 percentage points.
Rental vacancy is 1.0% in Ondit and 1.5% in Bundoora, so landlords in Ondit face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Bundoora is the bigger suburb, with a population of 28,068 against 101, roughly 278 times the size of Ondit; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Bundoora for rental income, Ondit for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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