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Merriang South vs Newtown

Property investment comparison - Merriang South, VIC 3737 vs Newtown, VIC 3220

Head-to-head across core investment metrics: Merriang South wins 0, Newtown wins 4. 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.

MetricMerriang SouthNewtown
Median house price$1.2M$1.1M
Median unit price$655K$580K
Gross rental yield (houses)-2.96%
Gross rental yield (units)2.74%4.25%
1-year house growth-+3.8%
3-year house growth--9.9%
Vacancy rate1.8%0.8%
Population4310,445

Merriang South vs Newtown: what the numbers say

The median house price is $1.2M in Merriang South and $1.1M in Newtown, so Newtown is the cheaper entry point, with Merriang South houses about 2% dearer.

For units, Merriang South sits at a median of $655K against $580K in Newtown, which makes Newtown the more affordable unit market and Merriang South the pricier one.

Rental vacancy is 0.8% in Newtown and 1.8% in Merriang South, so landlords in Newtown face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Newtown is the bigger suburb, with a population of 10,445 against 43, roughly 243 times the size of Merriang South; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Newtown for a lower purchase price, Newtown 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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