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Lalor vs Montgomery

Property investment comparison - Lalor, VIC 3075 vs Montgomery, VIC 3851

Head-to-head across core investment metrics: Lalor wins 2, Montgomery 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.

MetricLalorMontgomery
Median house price$775K$770K
Median unit price$565K-
Gross rental yield (houses)3.67%3.66%
Gross rental yield (units)4.60%-
1-year house growth+6.2%-
3-year house growth+14.6%-
Vacancy rate0.8%26.5%
Population23,21965

Lalor vs Montgomery: what the numbers say

The median house price is $775K in Lalor and $770K in Montgomery, so Montgomery is the cheaper entry point, with Lalor houses about 1% dearer.

Gross rental yield on houses is effectively level, at 3.67% in Lalor and 3.66% in Montgomery, so neither suburb has a cash flow edge on houses.

Rental vacancy is 0.8% in Lalor and 26.5% in Montgomery, so landlords in Lalor face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Lalor is the bigger suburb, with a population of 23,219 against 65, roughly 357 times the size of Montgomery; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Montgomery for a lower purchase price, Lalor 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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