Geelong vs Mount Richmond
Property investment comparison - Geelong, VIC 3220 vs Mount Richmond, VIC 3305
Head-to-head across core investment metrics: Geelong wins 3, Mount Richmond 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.
| Metric | Geelong | Mount Richmond |
|---|---|---|
| Median house price | $950K | $965K |
| Median unit price | $590K | - |
| Gross rental yield (houses) | 3.34% | 2.97% |
| Gross rental yield (units) | 4.56% | - |
| 1-year house growth | +6.0% | - |
| 3-year house growth | -7.2% | - |
| Vacancy rate | 2.3% | 2.4% |
| Population | 5,811 | 42 |
Geelong vs Mount Richmond: what the numbers say
The median house price is $950K in Geelong and $965K in Mount Richmond, so Geelong is the cheaper entry point, with Mount Richmond houses about 2% dearer.
On cash flow, Geelong leads: houses there return a gross rental yield of 3.34%, compared with 2.97% in Mount Richmond, a gap of 0.37 percentage points.
Rental vacancy is 2.3% in Geelong and 2.4% in Mount Richmond, so landlords in Geelong face less competition for tenants.
Geelong is the bigger suburb, with a population of 5,811 against 42, roughly 138 times the size of Mount Richmond; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Geelong for rental income, Geelong for a lower purchase price, Geelong 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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Mount Richmond, VIC 3305
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