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Diggers Rest vs Mepunga East

Property investment comparison - Diggers Rest, VIC 3427 vs Mepunga East, VIC 3277

Head-to-head across core investment metrics: Diggers Rest wins 0, Mepunga East 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.

MetricDiggers RestMepunga East
Median house price$670K$670K
Median unit price--
Gross rental yield (houses)4.00%4.65%
Gross rental yield (units)4.75%-
1-year house growth+2.5%-
3-year house growth-2.3%-
Vacancy rate2.3%1.7%
Population5,66973

Diggers Rest vs Mepunga East: what the numbers say

Houses cost about the same in both suburbs: the median house price is $670K in Diggers Rest and $670K in Mepunga East.

On cash flow, Mepunga East leads: houses there return a gross rental yield of 4.65%, compared with 4.00% in Diggers Rest, a gap of 0.65 percentage points.

Rental vacancy is 1.7% in Mepunga East and 2.3% in Diggers Rest, so landlords in Mepunga East face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Diggers Rest is the bigger suburb, with a population of 5,669 against 73, roughly 78 times the size of Mepunga East; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Mepunga East for rental income, Mepunga East 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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