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Mallacoota vs Pelluebla

Property investment comparison - Mallacoota, VIC 3892 vs Pelluebla, VIC 3727

Head-to-head across core investment metrics: Mallacoota wins 1, Pelluebla 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.

MetricMallacootaPelluebla
Median house price$540K$535K
Median unit price--
Gross rental yield (houses)-2.51%
Gross rental yield (units)--
1-year house growth+5.6%estimate-
3-year house growth--
Vacancy rate0.4%16.5%
Population1,18329

Mallacoota vs Pelluebla: what the numbers say

The median house price is $540K in Mallacoota and $535K in Pelluebla, so Pelluebla is the cheaper entry point, with Mallacoota houses about 1% dearer.

Rental vacancy is 0.4% in Mallacoota and 16.5% in Pelluebla, so landlords in Mallacoota face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Mallacoota is the bigger suburb, with a population of 1,183 against 29, roughly 41 times the size of Pelluebla; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Pelluebla for a lower purchase price, Mallacoota 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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Mallacoota vs Pelluebla: Suburb Comparison 2026