Dimboola vs Melwood
Property investment comparison - Dimboola, VIC 3414 vs Melwood, VIC 3875
Head-to-head across core investment metrics: Dimboola wins 1, Melwood 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.
| Metric | Dimboola | Melwood |
|---|---|---|
| Median house price | $320K | $260K |
| Median unit price | $350K | - |
| Gross rental yield (houses) | 5.91% | - |
| Gross rental yield (units) | 4.41% | - |
| 1-year house growth | - | - |
| 3-year house growth | +12.1% | - |
| Vacancy rate | 0.4% | 6.5% |
| Population | 1,635 | 17 |
Dimboola vs Melwood: what the numbers say
The median house price is $320K in Dimboola and $260K in Melwood, so Melwood is the cheaper entry point, with Dimboola houses about 23% dearer.
Rental vacancy is 0.4% in Dimboola and 6.5% in Melwood, so landlords in Dimboola face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Dimboola is the bigger suburb, with a population of 1,635 against 17, roughly 96 times the size of Melwood; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Melwood for a lower purchase price, Dimboola 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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