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Churchill vs Murraydale

Property investment comparison - Churchill, VIC 3842 vs Murraydale, VIC 3586

Head-to-head across core investment metrics: Churchill wins 1, Murraydale 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.

MetricChurchillMurraydale
Median house price$460K$455K
Median unit price$350K-
Gross rental yield (houses)5.01%5.23%
Gross rental yield (units)4.63%-
1-year house growth+16.5%-
3-year house growth+29.3%-
Vacancy rate1.8%1.8%
Population4,924105

Churchill vs Murraydale: what the numbers say

The median house price is $460K in Churchill and $455K in Murraydale, so Murraydale is the cheaper entry point, with Churchill houses about 1% dearer.

On cash flow, Murraydale leads: houses there return a gross rental yield of 5.23%, compared with 5.01% in Churchill, a gap of 0.22 percentage points.

Rental vacancy is the same in both, at 1.8%.

Churchill is the bigger suburb, with a population of 4,924 against 105, roughly 47 times the size of Murraydale; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Murraydale for rental income, Murraydale for a lower purchase price. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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