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Burwood East vs Modewarre

Property investment comparison - Burwood East, VIC 3151 vs Modewarre, VIC 3240

Head-to-head across core investment metrics: Burwood East wins 2, Modewarre 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.

MetricBurwood EastModewarre
Median house price$1.3M$1.3M
Median unit price-$665K
Gross rental yield (houses)2.87%2.89%
Gross rental yield (units)-4.64%
1-year house growth+0.0%-
3-year house growth+5.4%-
Vacancy rate1.7%2.0%
Population10,675277

Burwood East vs Modewarre: what the numbers say

The median house price is $1.3M in Burwood East and $1.3M in Modewarre, so Burwood East is the cheaper entry point, with Modewarre houses about 1% dearer.

Gross rental yield on houses is effectively level, at 2.87% in Burwood East and 2.89% in Modewarre, so neither suburb has a cash flow edge on houses.

Rental vacancy is 1.7% in Burwood East and 2.0% in Modewarre, so landlords in Burwood East face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Burwood East is the bigger suburb, with a population of 10,675 against 277, roughly 39 times the size of Modewarre; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Burwood East for a lower purchase price, Burwood East 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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