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Kings Park vs Mudgegonga

Property investment comparison - Kings Park, VIC 3021 vs Mudgegonga, VIC 3737

Head-to-head across core investment metrics: Kings Park wins 2, Mudgegonga 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 ParkMudgegonga
Median house price$670K$670K
Median unit price-$660K
Gross rental yield (houses)3.88%4.68%
Gross rental yield (units)4.57%2.81%
1-year house growth+6.9%-
3-year house growth+11.8%-
Vacancy rate1.0%1.7%
Population8,203184

Kings Park vs Mudgegonga: what the numbers say

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

On cash flow, Mudgegonga leads: houses there return a gross rental yield of 4.68%, compared with 3.88% in Kings Park, a gap of 0.80 percentage points.

Rental vacancy is 1.0% in Kings Park and 1.7% in Mudgegonga, 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 184, roughly 45 times the size of Mudgegonga; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Mudgegonga 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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Kings Park vs Mudgegonga: Suburb Comparison 2026