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Hindmarsh Island vs Mundoo Island

Property investment comparison - Hindmarsh Island, SA 5214 vs Mundoo Island, SA 5214

Head-to-head across core investment metrics: Hindmarsh Island wins 2, Mundoo Island 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.

MetricHindmarsh IslandMundoo Island
Median house price$855K$865K
Median unit price$670K-
Gross rental yield (houses)3.50%3.32%
Gross rental yield (units)3.60%-
1-year house growth+5.8%estimate-
3-year house growth--
Vacancy rate0.9%0.8%
Population1,8460

Hindmarsh Island vs Mundoo Island: what the numbers say

The median house price is $855K in Hindmarsh Island and $865K in Mundoo Island, so Hindmarsh Island is the cheaper entry point, with Mundoo Island houses about 1% dearer.

On cash flow, Hindmarsh Island leads: houses there return a gross rental yield of 3.50%, compared with 3.32% in Mundoo Island, a gap of 0.18 percentage points.

Rental vacancy is 0.8% in Mundoo Island and 0.9% in Hindmarsh Island, so landlords in Mundoo Island face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

In short: Hindmarsh Island for rental income, Hindmarsh Island for a lower purchase price, Mundoo Island 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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