Melville Forest vs North Bendigo
Property investment comparison - Melville Forest, VIC 3315 vs North Bendigo, VIC 3550
Head-to-head across core investment metrics: Melville Forest wins 1, North Bendigo wins 1. 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 | Melville Forest | North Bendigo |
|---|---|---|
| Median house price | $575K | $575K |
| Median unit price | - | $465K |
| Gross rental yield (houses) | 3.91% | 4.55% |
| Gross rental yield (units) | - | 5.24% |
| 1-year house growth | - | +12.5% |
| 3-year house growth | - | +11.2% |
| Vacancy rate | 1.4% | 1.8% |
| Population | 63 | 4,277 |
Melville Forest vs North Bendigo: what the numbers say
Houses cost about the same in both suburbs: the median house price is $575K in Melville Forest and $575K in North Bendigo.
On cash flow, North Bendigo leads: houses there return a gross rental yield of 4.55%, compared with 3.91% in Melville Forest, a gap of 0.64 percentage points.
Rental vacancy is 1.4% in Melville Forest and 1.8% in North Bendigo, so landlords in Melville Forest face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
North Bendigo is the bigger suburb, with a population of 4,277 against 63, roughly 68 times the size of Melville Forest; a larger suburb usually means a deeper pool of buyers and tenants.
In short: North Bendigo for rental income, Melville Forest 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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Melville Forest, VIC 3315
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