Dromana vs Myrrhee
Property investment comparison - Dromana, VIC 3936 vs Myrrhee, VIC 3732
Head-to-head across core investment metrics: Dromana wins 2, Myrrhee 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 | Dromana | Myrrhee |
|---|---|---|
| Median house price | $925K | $920K |
| Median unit price | $740K | $170K |
| Gross rental yield (houses) | 3.65% | 2.91% |
| Gross rental yield (units) | 4.36% | - |
| 1-year house growth | -4.1% | - |
| 3-year house growth | -12.8% | - |
| Vacancy rate | 2.4% | 3.0% |
| Population | 6,626 | 168 |
Dromana vs Myrrhee: what the numbers say
The median house price is $925K in Dromana and $920K in Myrrhee, so Myrrhee is the cheaper entry point, with Dromana houses about 1% dearer.
For units, Dromana sits at a median of $740K against $170K in Myrrhee, which makes Myrrhee the more affordable unit market and Dromana the pricier one.
On cash flow, Dromana leads: houses there return a gross rental yield of 3.65%, compared with 2.91% in Myrrhee, a gap of 0.74 percentage points.
Rental vacancy is 2.4% in Dromana and 3.0% in Myrrhee, so landlords in Dromana face less competition for tenants.
Dromana is the bigger suburb, with a population of 6,626 against 168, roughly 39 times the size of Myrrhee; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Dromana for rental income, Myrrhee for a lower purchase price, Dromana 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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