Edithvale vs Modewarre
Property investment comparison - Edithvale, VIC 3196 vs Modewarre, VIC 3240
Head-to-head across core investment metrics: Edithvale wins 2, Modewarre wins 3. 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 | Edithvale | Modewarre |
|---|---|---|
| Median house price | $1.3M | $1.3M |
| Median unit price | $860K | $665K |
| Gross rental yield (houses) | 3.02% | 2.89% |
| Gross rental yield (units) | 4.00% | 4.64% |
| 1-year house growth | +4.0%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.8% | 2.0% |
| Population | 6,276 | 277 |
Edithvale vs Modewarre: what the numbers say
The median house price is $1.3M in Edithvale and $1.3M in Modewarre, so Modewarre is the cheaper entry point.
For units, Edithvale sits at a median of $860K against $665K in Modewarre, which makes Modewarre the more affordable unit market and Edithvale the pricier one.
On cash flow, Edithvale leads: houses there return a gross rental yield of 3.02%, compared with 2.89% in Modewarre, a gap of 0.13 percentage points.
Rental vacancy is 1.8% in Edithvale and 2.0% in Modewarre, so landlords in Edithvale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Edithvale is the bigger suburb, with a population of 6,276 against 277, roughly 23 times the size of Modewarre; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Edithvale for rental income, Modewarre for a lower purchase price, Edithvale 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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