Moorilim vs Richmond
Property investment comparison - Moorilim, VIC 3610 vs Richmond, VIC 3121
Head-to-head across core investment metrics: Moorilim wins 3, Richmond 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 | Moorilim | Richmond |
|---|---|---|
| Median house price | $1.4M | $1.4M |
| Median unit price | $455K | $780K |
| Gross rental yield (houses) | 1.78% | 3.41% |
| Gross rental yield (units) | 4.60% | 4.13% |
| 1-year house growth | - | -3.2%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 3.9% | 1.8% |
| Population | 25 | 28,587 |
Moorilim vs Richmond: what the numbers say
The median house price is $1.4M in Moorilim and $1.4M in Richmond, so Moorilim is the cheaper entry point.
For units, Moorilim sits at a median of $455K against $780K in Richmond, which makes Moorilim the more affordable unit market and Richmond the pricier one.
On cash flow, Richmond leads: houses there return a gross rental yield of 3.41%, compared with 1.78% in Moorilim, a gap of 1.63 percentage points.
Rental vacancy is 1.8% in Richmond and 3.9% in Moorilim, so landlords in Richmond face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Richmond is the bigger suburb, with a population of 28,587 against 25, roughly 1143 times the size of Moorilim; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Richmond for rental income, Moorilim for a lower purchase price, Richmond 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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