Liverpool vs Melonba

Houses cost about the same in both suburbs: the median house price is $1.3M in Liverpool and $1.3M in Melonba.

For units, Liverpool sits at a median of $535K against $860K in Melonba, which makes Liverpool the more affordable unit market and Melonba the pricier one.

On cash flow, Melonba leads: houses there return a gross rental yield of 3.50%, compared with 2.65% in Liverpool, a gap of 0.85 percentage points.

Over the past year house prices moved +10.3% in Liverpool and +9.8% in Melonba (an estimate), so recent momentum favours Liverpool, although both suburbs recorded growth.

Rental vacancy is 1.3% in Liverpool and 6.0% in Melonba, so landlords in Liverpool face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Liverpool is the bigger suburb, with a population of 31,078 against 1,439, roughly 22 times the size of Melonba; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Melonba for rental income, Liverpool for recent price momentum, Liverpool for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.