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Heathmont vs Moolap

Property investment comparison - Heathmont, VIC 3135 vs Moolap, VIC 3224

Head-to-head across core investment metrics: Heathmont wins 3, Moolap 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.

MetricHeathmontMoolap
Median house price$1.1M$1.1M
Median unit price$770K-
Gross rental yield (houses)3.26%2.90%
Gross rental yield (units)3.92%-
1-year house growth-0.1%estimate+8.8%
3-year house growth-+2.8%
Vacancy rate1.0%1.1%
Population9,9331,825

Heathmont vs Moolap: what the numbers say

The median house price is $1.1M in Heathmont and $1.1M in Moolap, so Heathmont is the cheaper entry point.

On cash flow, Heathmont leads: houses there return a gross rental yield of 3.26%, compared with 2.90% in Moolap, a gap of 0.36 percentage points.

Over the past year house prices moved -0.1% in Heathmont (an estimate) and +8.8% in Moolap, so recent momentum favours Moolap, while Heathmont went backwards.

Rental vacancy is 1.0% in Heathmont and 1.1% in Moolap, so landlords in Heathmont face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Heathmont is the bigger suburb, with a population of 9,933 against 1,825, roughly 5 times the size of Moolap; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Heathmont for rental income, Heathmont for a lower purchase price, Moolap for recent price momentum, Heathmont 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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