Kalimna vs Mirboo North
Property investment comparison - Kalimna, VIC 3909 vs Mirboo North, VIC 3871
Head-to-head across core investment metrics: Kalimna wins 3, Mirboo North 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.
| Metric | Kalimna | Mirboo North |
|---|---|---|
| Median house price | $560K | $565K |
| Median unit price | - | - |
| Gross rental yield (houses) | 4.56% | 4.40% |
| Gross rental yield (units) | 5.30% | - |
| 1-year house growth | +4.9% | +1.2%estimate |
| 3-year house growth | +20.5% | - |
| Vacancy rate | 1.5% | 0.6% |
| Population | 1,350 | 2,263 |
Kalimna vs Mirboo North: what the numbers say
The median house price is $560K in Kalimna and $565K in Mirboo North, so Kalimna is the cheaper entry point, with Mirboo North houses about 1% dearer.
On cash flow, Kalimna leads: houses there return a gross rental yield of 4.56%, compared with 4.40% in Mirboo North, a gap of 0.16 percentage points.
Over the past year house prices moved +4.9% in Kalimna and +1.2% in Mirboo North (an estimate), so recent momentum favours Kalimna, although both suburbs recorded growth.
Rental vacancy is 0.6% in Mirboo North and 1.5% in Kalimna, so landlords in Mirboo North face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Mirboo North is the bigger suburb, with a population of 2,263 against 1,350, larger than Kalimna; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Kalimna for rental income, Kalimna for a lower purchase price, Kalimna for recent price momentum, Mirboo North for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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