Coronet Bay vs Marlo
Property investment comparison - Coronet Bay, VIC 3984 vs Marlo, VIC 3888
Head-to-head across core investment metrics: Coronet Bay wins 1, Marlo 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 | Coronet Bay | Marlo |
|---|---|---|
| Median house price | $590K | $590K |
| Median unit price | $570K | - |
| Gross rental yield (houses) | 4.17% | 4.10% |
| Gross rental yield (units) | 5.38% | - |
| 1-year house growth | +4.7%estimate | +7.4% |
| 3-year house growth | - | +14.3% |
| Vacancy rate | 1.3% | 0.8% |
| Population | 1,108 | 602 |
Coronet Bay vs Marlo: what the numbers say
Houses cost about the same in both suburbs: the median house price is $590K in Coronet Bay and $590K in Marlo.
On cash flow, Coronet Bay leads: houses there return a gross rental yield of 4.17%, compared with 4.10% in Marlo, a gap of 0.07 percentage points.
Over the past year house prices moved +4.7% in Coronet Bay (an estimate) and +7.4% in Marlo, so recent momentum favours Marlo, although both suburbs recorded growth.
Rental vacancy is 0.8% in Marlo and 1.3% in Coronet Bay, so landlords in Marlo face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Coronet Bay is the bigger suburb, with a population of 1,108 against 602, larger than Marlo; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Coronet Bay for rental income, Marlo for recent price momentum, Marlo 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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