East Melbourne vs Mannerim
Property investment comparison - East Melbourne, VIC 3002 vs Mannerim, VIC 3222
Head-to-head across core investment metrics: East Melbourne wins 2, Mannerim 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 | East Melbourne | Mannerim |
|---|---|---|
| Median house price | $3.0M | $2.9M |
| Median unit price | $720K | $625K |
| Gross rental yield (houses) | 2.15% | - |
| Gross rental yield (units) | 4.20% | 4.11% |
| 1-year house growth | +1.6% | - |
| 3-year house growth | +1.3% | - |
| Vacancy rate | 1.1% | 1.9% |
| Population | 4,896 | 108 |
East Melbourne vs Mannerim: what the numbers say
The median house price is $3.0M in East Melbourne and $2.9M in Mannerim, so Mannerim is the cheaper entry point, with East Melbourne houses about 5% dearer.
For units, East Melbourne sits at a median of $720K against $625K in Mannerim, which makes Mannerim the more affordable unit market and East Melbourne the pricier one.
Rental vacancy is 1.1% in East Melbourne and 1.9% in Mannerim, so landlords in East Melbourne face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
East Melbourne is the bigger suburb, with a population of 4,896 against 108, roughly 45 times the size of Mannerim; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Mannerim for a lower purchase price, East Melbourne 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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East Melbourne, VIC 3002
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