Drouin vs Mudgegonga
Property investment comparison - Drouin, VIC 3818 vs Mudgegonga, VIC 3737
Head-to-head across core investment metrics: Drouin wins 4, Mudgegonga 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 | Drouin | Mudgegonga |
|---|---|---|
| Median house price | $665K | $670K |
| Median unit price | $470K | $660K |
| Gross rental yield (houses) | 4.50% | 4.68% |
| Gross rental yield (units) | 4.98% | 2.81% |
| 1-year house growth | +4.7% | - |
| 3-year house growth | +4.6% | - |
| Vacancy rate | 1.5% | 1.7% |
| Population | 15,287 | 184 |
Drouin vs Mudgegonga: what the numbers say
The median house price is $665K in Drouin and $670K in Mudgegonga, so Drouin is the cheaper entry point, with Mudgegonga houses about 1% dearer.
For units, Drouin sits at a median of $470K against $660K in Mudgegonga, which makes Drouin the more affordable unit market and Mudgegonga the pricier one.
On cash flow, Mudgegonga leads: houses there return a gross rental yield of 4.68%, compared with 4.50% in Drouin, a gap of 0.18 percentage points.
Rental vacancy is 1.5% in Drouin and 1.7% in Mudgegonga, so landlords in Drouin face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Drouin is the bigger suburb, with a population of 15,287 against 184, roughly 83 times the size of Mudgegonga; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Mudgegonga for rental income, Drouin for a lower purchase price, Drouin 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
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison