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Burnside Heights vs Tarago

Property investment comparison - Burnside Heights, VIC 3023 vs Tarago, VIC 3818

Head-to-head across core investment metrics: Burnside Heights wins 3, Tarago wins 1. 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.

MetricBurnside HeightsTarago
Median house price$795K$800K
Median unit price-$450K
Gross rental yield (houses)3.70%3.26%
Gross rental yield (units)6.56%5.21%
1-year house growth+7.2%estimate-
3-year house growth--
Vacancy rate2.3%1.6%
Population6,37721,626

Burnside Heights vs Tarago: what the numbers say

The median house price is $795K in Burnside Heights and $800K in Tarago, so Burnside Heights is the cheaper entry point, with Tarago houses about 1% dearer.

On cash flow, Burnside Heights leads: houses there return a gross rental yield of 3.70%, compared with 3.26% in Tarago, a gap of 0.44 percentage points.

Rental vacancy is 1.6% in Tarago and 2.3% in Burnside Heights, so landlords in Tarago face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Tarago is the bigger suburb, with a population of 21,626 against 6,377, roughly 3.4 times the size of Burnside Heights; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Burnside Heights for rental income, Burnside Heights for a lower purchase price, Tarago 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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