Bungalally vs Herne Hill
Property investment comparison - Bungalally, VIC 3401 vs Herne Hill, VIC 3218
Head-to-head across core investment metrics: Bungalally wins 0, Herne Hill 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 | Bungalally | Herne Hill |
|---|---|---|
| Median house price | $805K | $800K |
| Median unit price | - | $400K |
| Gross rental yield (houses) | 2.61% | 3.57% |
| Gross rental yield (units) | - | 4.90% |
| 1-year house growth | - | +3.2% |
| 3-year house growth | - | +12.1% |
| Vacancy rate | - | 2.1% |
| Population | 93 | 3,507 |
Bungalally vs Herne Hill: what the numbers say
The median house price is $805K in Bungalally and $800K in Herne Hill, so Herne Hill is the cheaper entry point, with Bungalally houses about 1% dearer.
On cash flow, Herne Hill leads: houses there return a gross rental yield of 3.57%, compared with 2.61% in Bungalally, a gap of 0.96 percentage points.
Herne Hill is the bigger suburb, with a population of 3,507 against 93, roughly 38 times the size of Bungalally; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Herne Hill for rental income, Herne Hill for a lower purchase price. 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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