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Glen Iris vs Murgheboluc

Property investment comparison - Glen Iris, VIC 3146 vs Murgheboluc, VIC 3218

Head-to-head across core investment metrics: Glen Iris wins 0, Murgheboluc wins 2. 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.

MetricGlen IrisMurgheboluc
Median house price$2.4M$2.4M
Median unit price$720K-
Gross rental yield (houses)2.46%-
Gross rental yield (units)4.70%-
1-year house growth-2.3%estimate-
3-year house growth--
Vacancy rate1.8%1.0%
Population26,131132

Glen Iris vs Murgheboluc: what the numbers say

The median house price is $2.4M in Glen Iris and $2.4M in Murgheboluc, so Murgheboluc is the cheaper entry point, with Glen Iris houses about 2% dearer.

Rental vacancy is 1.0% in Murgheboluc and 1.8% in Glen Iris, so landlords in Murgheboluc face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Glen Iris is the bigger suburb, with a population of 26,131 against 132, roughly 198 times the size of Murgheboluc; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Murgheboluc for a lower purchase price, Murgheboluc 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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Glen Iris vs Murgheboluc: Suburb Comparison 2026