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Dunorlan vs Tranmere

Property investment comparison - Dunorlan, TAS 7304 vs Tranmere, TAS 7018

Head-to-head across core investment metrics: Dunorlan wins 1, Tranmere 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.

MetricDunorlanTranmere
Median house price$1.3M$1.2M
Median unit price-$890K
Gross rental yield (houses)2.27%3.15%
Gross rental yield (units)--
1-year house growth-+5.8%estimate
3-year house growth--
Vacancy rate0.7%1.6%
Population1452,218

Dunorlan vs Tranmere: what the numbers say

The median house price is $1.3M in Dunorlan and $1.2M in Tranmere, so Tranmere is the cheaper entry point, with Dunorlan houses about 3% dearer.

On cash flow, Tranmere leads: houses there return a gross rental yield of 3.15%, compared with 2.27% in Dunorlan, a gap of 0.88 percentage points.

Rental vacancy is 0.7% in Dunorlan and 1.6% in Tranmere, so landlords in Dunorlan face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Tranmere is the bigger suburb, with a population of 2,218 against 145, roughly 15 times the size of Dunorlan; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Tranmere for rental income, Tranmere for a lower purchase price, Dunorlan 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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