Ellerslie vs Merbein
Property investment comparison - Ellerslie, VIC 3265 vs Merbein, VIC 3505
Head-to-head across core investment metrics: Ellerslie wins 2, Merbein 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 | Ellerslie | Merbein |
|---|---|---|
| Median house price | $405K | $435K |
| Median unit price | - | - |
| Gross rental yield (houses) | 5.40% | 5.10% |
| Gross rental yield (units) | - | 10.37% |
| 1-year house growth | - | +7.6%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 3.9% | 1.8% |
| Population | 157 | 2,770 |
Ellerslie vs Merbein: what the numbers say
The median house price is $405K in Ellerslie and $435K in Merbein, so Ellerslie is the cheaper entry point, with Merbein houses about 7% dearer.
On cash flow, Ellerslie leads: houses there return a gross rental yield of 5.40%, compared with 5.10% in Merbein, a gap of 0.30 percentage points.
Rental vacancy is 1.8% in Merbein and 3.9% in Ellerslie, so landlords in Merbein face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Merbein is the bigger suburb, with a population of 2,770 against 157, roughly 18 times the size of Ellerslie; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Ellerslie for rental income, Ellerslie for a lower purchase price, Merbein 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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