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Cranbourne South vs Mount Mitchell

Property investment comparison - Cranbourne South, VIC 3977 vs Mount Mitchell, VIC 3352

Head-to-head across core investment metrics: Cranbourne South wins 1, Mount Mitchell wins 1. 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.

MetricCranbourne SouthMount Mitchell
Median house price$865K$865K
Median unit price$610K-
Gross rental yield (houses)4.03%3.03%
Gross rental yield (units)4.49%-
1-year house growth+5.7%estimate-
3-year house growth--
Vacancy rate2.8%1.7%
Population3,241-

Cranbourne South vs Mount Mitchell: what the numbers say

Houses cost about the same in both suburbs: the median house price is $865K in Cranbourne South and $865K in Mount Mitchell.

On cash flow, Cranbourne South leads: houses there return a gross rental yield of 4.03%, compared with 3.03% in Mount Mitchell, a gap of 1.00 percentage points.

Rental vacancy is 1.7% in Mount Mitchell and 2.8% in Cranbourne South, so landlords in Mount Mitchell face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

In short: Cranbourne South for rental income, Mount Mitchell for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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Cranbourne South, VIC 3977

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Mount Mitchell, VIC 3352

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