Mount Pleasant vs Pine Lodge
Property investment comparison - Mount Pleasant, VIC 3350 vs Pine Lodge, VIC 3631
Head-to-head across core investment metrics: Mount Pleasant wins 2, Pine Lodge 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 | Mount Pleasant | Pine Lodge |
|---|---|---|
| Median house price | $560K | $560K |
| Median unit price | $455K | $990K |
| Gross rental yield (houses) | 3.90% | 5.94% |
| Gross rental yield (units) | 4.74% | 2.62% |
| 1-year house growth | +16.6% | - |
| 3-year house growth | +9.6% | - |
| Vacancy rate | 1.7% | 1.4% |
| Population | 2,225 | 267 |
Mount Pleasant vs Pine Lodge: what the numbers say
Houses cost about the same in both suburbs: the median house price is $560K in Mount Pleasant and $560K in Pine Lodge.
For units, Mount Pleasant sits at a median of $455K against $990K in Pine Lodge, which makes Mount Pleasant the more affordable unit market and Pine Lodge the pricier one.
On cash flow, Pine Lodge leads: houses there return a gross rental yield of 5.94%, compared with 3.90% in Mount Pleasant, a gap of 2.04 percentage points.
Rental vacancy is 1.4% in Pine Lodge and 1.7% in Mount Pleasant, so landlords in Pine Lodge face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Mount Pleasant is the bigger suburb, with a population of 2,225 against 267, roughly 8 times the size of Pine Lodge; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Pine Lodge for rental income, Pine Lodge 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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Mount Pleasant, VIC 3350
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