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Kings Park vs Mepunga East

Property investment comparison - Kings Park, VIC 3021 vs Mepunga East, VIC 3277

Head-to-head across core investment metrics: Kings Park wins 1, Mepunga East 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.

MetricKings ParkMepunga East
Median house price$670K$670K
Median unit price--
Gross rental yield (houses)3.88%4.65%
Gross rental yield (units)4.57%-
1-year house growth+6.9%-
3-year house growth+11.8%-
Vacancy rate1.0%1.7%
Population8,20373

Kings Park vs Mepunga East: what the numbers say

Houses cost about the same in both suburbs: the median house price is $670K in Kings Park and $670K in Mepunga East.

On cash flow, Mepunga East leads: houses there return a gross rental yield of 4.65%, compared with 3.88% in Kings Park, a gap of 0.77 percentage points.

Rental vacancy is 1.0% in Kings Park and 1.7% in Mepunga East, so landlords in Kings Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Kings Park is the bigger suburb, with a population of 8,203 against 73, roughly 112 times the size of Mepunga East; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Mepunga East for rental income, Kings Park 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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