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Mambourin vs Winchelsea

Property investment comparison - Mambourin, VIC 3024 vs Winchelsea, VIC 3241

Head-to-head across core investment metrics: Mambourin wins 2, Winchelsea wins 3. 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.

MetricMambourinWinchelsea
Median house price$650K$650K
Median unit price$555K-
Gross rental yield (houses)3.66%3.80%
Gross rental yield (units)3.22%5.28%
1-year house growth+4.8%+2.9%
3-year house growth+1.2%-1.5%
Vacancy rate7.8%0.4%
Population3152,456

Mambourin vs Winchelsea: what the numbers say

Houses cost about the same in both suburbs: the median house price is $650K in Mambourin and $650K in Winchelsea.

On cash flow, Winchelsea leads: houses there return a gross rental yield of 3.80%, compared with 3.66% in Mambourin, a gap of 0.14 percentage points.

Over the past year house prices moved +4.8% in Mambourin and +2.9% in Winchelsea, so recent momentum favours Mambourin, although both suburbs recorded growth.

Looking back three years, Mambourin houses are +1.2% and Winchelsea houses -1.5%, so Mambourin has compounded faster than Winchelsea over the longer window.

Rental vacancy is 0.4% in Winchelsea and 7.8% in Mambourin, so landlords in Winchelsea face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Winchelsea is the bigger suburb, with a population of 2,456 against 315, roughly 8 times the size of Mambourin; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Winchelsea for rental income, Mambourin for recent price momentum, Winchelsea 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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