Cheshunt vs Murrumbeena
Property investment comparison - Cheshunt, VIC 3678 vs Murrumbeena, VIC 3163
Head-to-head across core investment metrics: Cheshunt wins 0, Murrumbeena 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.
| Metric | Cheshunt | Murrumbeena |
|---|---|---|
| Median house price | $1.7M | $1.6M |
| Median unit price | $415K | - |
| Gross rental yield (houses) | 2.34% | 2.52% |
| Gross rental yield (units) | 2.81% | - |
| 1-year house growth | - | +0.0% |
| 3-year house growth | - | +0.0% |
| Vacancy rate | 3.0% | 1.4% |
| Population | 213 | 9,996 |
Cheshunt vs Murrumbeena: what the numbers say
The median house price is $1.7M in Cheshunt and $1.6M in Murrumbeena, so Murrumbeena is the cheaper entry point.
On cash flow, Murrumbeena leads: houses there return a gross rental yield of 2.52%, compared with 2.34% in Cheshunt, a gap of 0.18 percentage points.
Rental vacancy is 1.4% in Murrumbeena and 3.0% in Cheshunt, so landlords in Murrumbeena face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Murrumbeena is the bigger suburb, with a population of 9,996 against 213, roughly 47 times the size of Cheshunt; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Murrumbeena for rental income, Murrumbeena for a lower purchase price, Murrumbeena 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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