Morgiana vs Warrnambool
Property investment comparison - Morgiana, VIC 3301 vs Warrnambool, VIC 3280
Head-to-head across core investment metrics: Morgiana wins 0, Warrnambool 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 | Morgiana | Warrnambool |
|---|---|---|
| Median house price | $655K | $655K |
| Median unit price | - | $470K |
| Gross rental yield (houses) | 3.64% | 4.87% |
| Gross rental yield (units) | - | 5.15% |
| 1-year house growth | - | +10.9% |
| 3-year house growth | - | +5.9% |
| Vacancy rate | 14.5% | 0.9% |
| Population | 29 | 31,308 |
Morgiana vs Warrnambool: what the numbers say
Houses cost about the same in both suburbs: the median house price is $655K in Morgiana and $655K in Warrnambool.
On cash flow, Warrnambool leads: houses there return a gross rental yield of 4.87%, compared with 3.64% in Morgiana, a gap of 1.23 percentage points.
Rental vacancy is 0.9% in Warrnambool and 14.5% in Morgiana, so landlords in Warrnambool face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Warrnambool is the bigger suburb, with a population of 31,308 against 29, roughly 1080 times the size of Morgiana; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Warrnambool for rental income, Warrnambool 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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