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Fawkner vs Murroon

Property investment comparison - Fawkner, VIC 3060 vs Murroon, VIC 3243

Head-to-head across core investment metrics: Fawkner wins 2, Murroon wins 0. 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.

MetricFawknerMurroon
Median house price$850K$850K
Median unit price$650K$760K
Gross rental yield (houses)3.60%2.92%
Gross rental yield (units)-4.53%
1-year house growth+6.8%estimate-
3-year house growth--
Vacancy rate1.0%-
Population14,27495

Fawkner vs Murroon: what the numbers say

Houses cost about the same in both suburbs: the median house price is $850K in Fawkner and $850K in Murroon.

For units, Fawkner sits at a median of $650K against $760K in Murroon, which makes Fawkner the more affordable unit market and Murroon the pricier one.

On cash flow, Fawkner leads: houses there return a gross rental yield of 3.60%, compared with 2.92% in Murroon, a gap of 0.68 percentage points.

Fawkner is the bigger suburb, with a population of 14,274 against 95, roughly 150 times the size of Murroon; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Fawkner for rental income. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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Fawkner vs Murroon: Property Investment Comparison (2026)