McKenzie Hill vs Shelford
Property investment comparison - McKenzie Hill, VIC 3451 vs Shelford, VIC 3329
Head-to-head across core investment metrics: McKenzie Hill wins 3, Shelford 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 | McKenzie Hill | Shelford |
|---|---|---|
| Median house price | $745K | $745K |
| Median unit price | $510K | $570K |
| Gross rental yield (houses) | 3.58% | 2.23% |
| Gross rental yield (units) | 4.63% | - |
| 1-year house growth | -1.9%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 3.5% | 5.5% |
| Population | 775 | 263 |
McKenzie Hill vs Shelford: what the numbers say
Houses cost about the same in both suburbs: the median house price is $745K in McKenzie Hill and $745K in Shelford.
For units, McKenzie Hill sits at a median of $510K against $570K in Shelford, which makes McKenzie Hill the more affordable unit market and Shelford the pricier one.
On cash flow, McKenzie Hill leads: houses there return a gross rental yield of 3.58%, compared with 2.23% in Shelford, a gap of 1.35 percentage points.
Rental vacancy is 3.5% in McKenzie Hill and 5.5% in Shelford, so landlords in McKenzie Hill face less competition for tenants.
McKenzie Hill is the bigger suburb, with a population of 775 against 263, roughly 2.9 times the size of Shelford; a larger suburb usually means a deeper pool of buyers and tenants.
In short: McKenzie Hill for rental income, McKenzie Hill 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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