Lamplough vs Mildura
Property investment comparison - Lamplough, VIC 3352 vs Mildura, VIC 3500
Head-to-head across core investment metrics: Lamplough wins 3, Mildura 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 | Lamplough | Mildura |
|---|---|---|
| Median house price | $595K | $595K |
| Median unit price | $145K | $400K |
| Gross rental yield (houses) | 4.25% | 4.80% |
| Gross rental yield (units) | 7.61% | 5.25% |
| 1-year house growth | - | +12.8% |
| 3-year house growth | - | +28.4% |
| Vacancy rate | 1.6% | 2.4% |
| Population | 49 | 34,565 |
Lamplough vs Mildura: what the numbers say
Houses cost about the same in both suburbs: the median house price is $595K in Lamplough and $595K in Mildura.
For units, Lamplough sits at a median of $145K against $400K in Mildura, which makes Lamplough the more affordable unit market and Mildura the pricier one.
On cash flow, Mildura leads: houses there return a gross rental yield of 4.80%, compared with 4.25% in Lamplough, a gap of 0.55 percentage points.
Rental vacancy is 1.6% in Lamplough and 2.4% in Mildura, so landlords in Lamplough face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Mildura is the bigger suburb, with a population of 34,565 against 49, roughly 705 times the size of Lamplough; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Mildura for rental income, Lamplough 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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