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Fyansford vs Myrrhee

Property investment comparison - Fyansford, VIC 3218 vs Myrrhee, VIC 3732

Head-to-head across core investment metrics: Fyansford wins 3, Myrrhee 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.

MetricFyansfordMyrrhee
Median house price$915K$920K
Median unit price$665K$170K
Gross rental yield (houses)3.70%2.91%
Gross rental yield (units)4.19%-
1-year house growth-4.7%estimate-
3-year house growth--
Vacancy rate2.6%3.0%
Population1,206168

Fyansford vs Myrrhee: what the numbers say

The median house price is $915K in Fyansford and $920K in Myrrhee, so Fyansford is the cheaper entry point, with Myrrhee houses about 1% dearer.

For units, Fyansford sits at a median of $665K against $170K in Myrrhee, which makes Myrrhee the more affordable unit market and Fyansford the pricier one.

On cash flow, Fyansford leads: houses there return a gross rental yield of 3.70%, compared with 2.91% in Myrrhee, a gap of 0.79 percentage points.

Rental vacancy is 2.6% in Fyansford and 3.0% in Myrrhee, so landlords in Fyansford face less competition for tenants.

Fyansford is the bigger suburb, with a population of 1,206 against 168, roughly 7 times the size of Myrrhee; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Fyansford for rental income, Fyansford for a lower purchase price, Fyansford 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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