McMillans vs St Albans Park
Property investment comparison - McMillans, VIC 3568 vs St Albans Park, VIC 3219
Head-to-head across core investment metrics: McMillans wins 1, St Albans Park wins 2. 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 | McMillans | St Albans Park |
|---|---|---|
| Median house price | $695K | $700K |
| Median unit price | - | $490K |
| Gross rental yield (houses) | 2.87% | 3.89% |
| Gross rental yield (units) | - | 4.20% |
| 1-year house growth | - | +13.1% |
| 3-year house growth | - | +19.8% |
| Vacancy rate | 3.1% | 0.9% |
| Population | 87 | 4,942 |
McMillans vs St Albans Park: what the numbers say
The median house price is $695K in McMillans and $700K in St Albans Park, so McMillans is the cheaper entry point, with St Albans Park houses about 1% dearer.
On cash flow, St Albans Park leads: houses there return a gross rental yield of 3.89%, compared with 2.87% in McMillans, a gap of 1.02 percentage points.
Rental vacancy is 0.9% in St Albans Park and 3.1% in McMillans, so landlords in St Albans Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
St Albans Park is the bigger suburb, with a population of 4,942 against 87, roughly 57 times the size of McMillans; a larger suburb usually means a deeper pool of buyers and tenants.
In short: St Albans Park for rental income, McMillans for a lower purchase price, St Albans Park 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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St Albans Park, VIC 3219
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