Marlo vs Mildura

The median house price is $590K in Marlo and $595K in Mildura, so Marlo is the cheaper entry point, with Mildura houses about 1% dearer.

On cash flow, Mildura leads: houses there return a gross rental yield of 4.80%, compared with 4.10% in Marlo, a gap of 0.70 percentage points.

Over the past year house prices moved +7.4% in Marlo and +12.8% in Mildura, so recent momentum favours Mildura, although both suburbs recorded growth.

Looking back three years, Marlo houses are +14.3% and Mildura houses +28.4%, so Mildura has compounded faster than Marlo over the longer window.

Rental vacancy is 0.8% in Marlo and 2.4% in Mildura, so landlords in Marlo 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 602, roughly 57 times the size of Marlo; a larger suburb usually means a deeper pool of buyers and tenants.

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