Dalmore vs Warranwood
Property investment comparison - Dalmore, VIC 3981 vs Warranwood, VIC 3134
Head-to-head across core investment metrics: Dalmore wins 2, Warranwood 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 | Dalmore | Warranwood |
|---|---|---|
| Median house price | $1.3M | $1.3M |
| Median unit price | $565K | $820K |
| Gross rental yield (houses) | 2.87% | 3.19% |
| Gross rental yield (units) | 3.36% | 3.89% |
| 1-year house growth | - | -2.9% |
| 3-year house growth | - | +2.6% |
| Vacancy rate | 4.9% | 1.8% |
| Population | 142 | 4,820 |
Dalmore vs Warranwood: what the numbers say
The median house price is $1.3M in Dalmore and $1.3M in Warranwood, so Dalmore is the cheaper entry point, with Warranwood houses about 1% dearer.
For units, Dalmore sits at a median of $565K against $820K in Warranwood, which makes Dalmore the more affordable unit market and Warranwood the pricier one.
On cash flow, Warranwood leads: houses there return a gross rental yield of 3.19%, compared with 2.87% in Dalmore, a gap of 0.32 percentage points.
Rental vacancy is 1.8% in Warranwood and 4.9% in Dalmore, so landlords in Warranwood face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Warranwood is the bigger suburb, with a population of 4,820 against 142, roughly 34 times the size of Dalmore; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Warranwood for rental income, Dalmore for a lower purchase price, Warranwood 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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