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Horfield vs Merbein

Property investment comparison - Horfield, VIC 3567 vs Merbein, VIC 3505

Head-to-head across core investment metrics: Horfield wins 1, Merbein 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.

MetricHorfieldMerbein
Median house price$430K$435K
Median unit price--
Gross rental yield (houses)-5.10%
Gross rental yield (units)-10.37%
1-year house growth-+7.6%estimate
3-year house growth--
Vacancy rate2.2%1.8%
Population932,770

Horfield vs Merbein: what the numbers say

The median house price is $430K in Horfield and $435K in Merbein, so Horfield is the cheaper entry point, with Merbein houses about 1% dearer.

Rental vacancy is 1.8% in Merbein and 2.2% in Horfield, so landlords in Merbein face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Merbein is the bigger suburb, with a population of 2,770 against 93, roughly 30 times the size of Horfield; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Horfield for a lower purchase price, Merbein 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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Horfield vs Merbein: Property Investment Comparison (2026)