Bunyip vs Garibaldi
Property investment comparison - Bunyip, VIC 3815 vs Garibaldi, VIC 3352
Head-to-head across core investment metrics: Bunyip wins 2, Garibaldi wins 0. 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 | Bunyip | Garibaldi |
|---|---|---|
| Median house price | $890K | $890K |
| Median unit price | - | - |
| Gross rental yield (houses) | 3.25% | 3.14% |
| Gross rental yield (units) | 3.87% | - |
| 1-year house growth | +13.3% | - |
| 3-year house growth | +20.2% | - |
| Vacancy rate | 0.5% | 1.6% |
| Population | 3,131 | 131 |
Bunyip vs Garibaldi: what the numbers say
Houses cost about the same in both suburbs: the median house price is $890K in Bunyip and $890K in Garibaldi.
On cash flow, Bunyip leads: houses there return a gross rental yield of 3.25%, compared with 3.14% in Garibaldi, a gap of 0.11 percentage points.
Rental vacancy is 0.5% in Bunyip and 1.6% in Garibaldi, so landlords in Bunyip face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Bunyip is the bigger suburb, with a population of 3,131 against 131, roughly 24 times the size of Garibaldi; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Bunyip for rental income, Bunyip 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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