Collingwood vs Modewarre
Property investment comparison - Collingwood, VIC 3066 vs Modewarre, VIC 3240
Head-to-head across core investment metrics: Collingwood wins 5, Modewarre wins 0. 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 | Collingwood | Modewarre |
|---|---|---|
| Median house price | $1.3M | $1.3M |
| Median unit price | $625K | $665K |
| Gross rental yield (houses) | 3.13% | 2.89% |
| Gross rental yield (units) | 5.75% | 4.64% |
| 1-year house growth | +1.4%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.2% | 2.0% |
| Population | 9,179 | 277 |
Collingwood vs Modewarre: what the numbers say
The median house price is $1.3M in Collingwood and $1.3M in Modewarre, so Collingwood is the cheaper entry point.
For units, Collingwood sits at a median of $625K against $665K in Modewarre, which makes Collingwood the more affordable unit market and Modewarre the pricier one.
On cash flow, Collingwood leads: houses there return a gross rental yield of 3.13%, compared with 2.89% in Modewarre, a gap of 0.24 percentage points.
Rental vacancy is 1.2% in Collingwood and 2.0% in Modewarre, so landlords in Collingwood face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Collingwood is the bigger suburb, with a population of 9,179 against 277, roughly 33 times the size of Modewarre; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Collingwood for rental income, Collingwood for a lower purchase price, Collingwood 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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