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Bunyip vs Tootgarook

Property investment comparison - Bunyip, VIC 3815 vs Tootgarook, VIC 3941

Head-to-head across core investment metrics: Bunyip wins 2, Tootgarook 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.

MetricBunyipTootgarook
Median house price$890K$885K
Median unit price--
Gross rental yield (houses)3.25%3.44%
Gross rental yield (units)3.87%4.80%
1-year house growth+13.3%-0.7%estimate
3-year house growth+20.2%-
Vacancy rate0.5%1.5%
Population3,1313,178

Bunyip vs Tootgarook: what the numbers say

The median house price is $890K in Bunyip and $885K in Tootgarook, so Tootgarook is the cheaper entry point, with Bunyip houses about 1% dearer.

On cash flow, Tootgarook leads: houses there return a gross rental yield of 3.44%, compared with 3.25% in Bunyip, a gap of 0.19 percentage points.

Over the past year house prices moved +13.3% in Bunyip and -0.7% in Tootgarook (an estimate), so recent momentum favours Bunyip, while Tootgarook went backwards.

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

Tootgarook is the bigger suburb, with a population of 3,178 against 3,131, larger than Bunyip; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Tootgarook for rental income, Tootgarook for a lower purchase price, 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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