Melwood vs Nhill
Property investment comparison - Melwood, VIC 3875 vs Nhill, VIC 3418
Head-to-head across core investment metrics: Melwood wins 1, Nhill 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 | Melwood | Nhill |
|---|---|---|
| Median house price | $260K | $280K |
| Median unit price | - | $375K |
| Gross rental yield (houses) | - | 6.64% |
| Gross rental yield (units) | - | 2.40% |
| 1-year house growth | - | +17.4%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 6.5% | 0.1% |
| Population | 17 | 2,401 |
Melwood vs Nhill: what the numbers say
The median house price is $260K in Melwood and $280K in Nhill, so Melwood is the cheaper entry point, with Nhill houses about 8% dearer.
Rental vacancy is 0.1% in Nhill and 6.5% in Melwood, so landlords in Nhill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Nhill is the bigger suburb, with a population of 2,401 against 17, roughly 141 times the size of Melwood; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Melwood for a lower purchase price, Nhill 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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