Caniambo vs Yarrawonga
Property investment comparison - Caniambo, VIC 3630 vs Yarrawonga, VIC 3730
Head-to-head across core investment metrics: Caniambo wins 1, Yarrawonga 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 | Caniambo | Yarrawonga |
|---|---|---|
| Median house price | $665K | $665K |
| Median unit price | $470K | $435K |
| Gross rental yield (houses) | 3.60% | 4.40% |
| Gross rental yield (units) | 5.39% | - |
| 1-year house growth | - | +8.2% |
| 3-year house growth | - | -0.4% |
| Vacancy rate | 2.0% | 2.4% |
| Population | 82 | 8,661 |
Caniambo vs Yarrawonga: what the numbers say
Houses cost about the same in both suburbs: the median house price is $665K in Caniambo and $665K in Yarrawonga.
For units, Caniambo sits at a median of $470K against $435K in Yarrawonga, which makes Yarrawonga the more affordable unit market and Caniambo the pricier one.
On cash flow, Yarrawonga leads: houses there return a gross rental yield of 4.40%, compared with 3.60% in Caniambo, a gap of 0.80 percentage points.
Rental vacancy is 2.0% in Caniambo and 2.4% in Yarrawonga, so landlords in Caniambo face less competition for tenants.
Yarrawonga is the bigger suburb, with a population of 8,661 against 82, roughly 106 times the size of Caniambo; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Yarrawonga for rental income, Caniambo 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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