Mallacoota vs Smokeytown
Property investment comparison - Mallacoota, VIC 3892 vs Smokeytown, VIC 3364
Head-to-head across core investment metrics: Mallacoota wins 2, Smokeytown wins 0. 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 | Mallacoota | Smokeytown |
|---|---|---|
| Median house price | $540K | $545K |
| Median unit price | - | - |
| Gross rental yield (houses) | - | 5.42% |
| Gross rental yield (units) | - | - |
| 1-year house growth | +5.6%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 0.4% | 1.6% |
| Population | 1,183 | 32 |
Mallacoota vs Smokeytown: what the numbers say
The median house price is $540K in Mallacoota and $545K in Smokeytown, so Mallacoota is the cheaper entry point, with Smokeytown houses about 1% dearer.
Rental vacancy is 0.4% in Mallacoota and 1.6% in Smokeytown, 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 32, roughly 37 times the size of Smokeytown; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Mallacoota 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.
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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