Montmorency vs Myrniong

The median house price is $1.2M in Montmorency and $1.2M in Myrniong, so Myrniong is the cheaper entry point, with Montmorency houses about 2% dearer.

For units, Montmorency sits at a median of $775K against $300K in Myrniong, which makes Myrniong the more affordable unit market and Montmorency the pricier one.

On cash flow, Montmorency leads: houses there return a gross rental yield of 3.18%, compared with 1.63% in Myrniong, a gap of 1.55 percentage points.

Over the past year house prices moved +3.0% in Montmorency (an estimate) and +4.7% in Myrniong, so recent momentum favours Myrniong, although both suburbs recorded growth.

Rental vacancy is 1.1% in Montmorency and 9.9% in Myrniong, so landlords in Montmorency face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Montmorency is the bigger suburb, with a population of 9,250 against 387, roughly 24 times the size of Myrniong; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Montmorency for rental income, Myrniong for a lower purchase price, Myrniong for recent price momentum, Montmorency for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.