Diggers Rest vs Mudgegonga
Property investment comparison - Diggers Rest, VIC 3427 vs Mudgegonga, VIC 3737
Head-to-head across core investment metrics: Diggers Rest wins 1, Mudgegonga 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 | Diggers Rest | Mudgegonga |
|---|---|---|
| Median house price | $670K | $670K |
| Median unit price | - | $660K |
| Gross rental yield (houses) | 4.00% | 4.68% |
| Gross rental yield (units) | 4.75% | 2.81% |
| 1-year house growth | +2.5% | - |
| 3-year house growth | -2.3% | - |
| Vacancy rate | 2.3% | 1.7% |
| Population | 5,669 | 184 |
Diggers Rest vs Mudgegonga: what the numbers say
Houses cost about the same in both suburbs: the median house price is $670K in Diggers Rest and $670K in Mudgegonga.
On cash flow, Mudgegonga leads: houses there return a gross rental yield of 4.68%, compared with 4.00% in Diggers Rest, a gap of 0.68 percentage points.
Rental vacancy is 1.7% in Mudgegonga and 2.3% in Diggers Rest, so landlords in Mudgegonga 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 184, roughly 31 times the size of Mudgegonga; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Mudgegonga for rental income, Mudgegonga 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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