Mount Richmond vs Teesdale
Property investment comparison - Mount Richmond, VIC 3305 vs Teesdale, VIC 3328
Head-to-head across core investment metrics: Mount Richmond wins 0, Teesdale 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 Richmond | Teesdale |
|---|---|---|
| Median house price | $965K | $965K |
| Median unit price | - | $640K |
| Gross rental yield (houses) | 2.97% | 3.31% |
| Gross rental yield (units) | - | 4.30% |
| 1-year house growth | - | +4.8% |
| 3-year house growth | - | +29.2% |
| Vacancy rate | 2.4% | 1.8% |
| Population | 42 | 2,308 |
Mount Richmond vs Teesdale: what the numbers say
Houses cost about the same in both suburbs: the median house price is $965K in Mount Richmond and $965K in Teesdale.
On cash flow, Teesdale leads: houses there return a gross rental yield of 3.31%, compared with 2.97% in Mount Richmond, a gap of 0.34 percentage points.
Rental vacancy is 1.8% in Teesdale and 2.4% in Mount Richmond, so landlords in Teesdale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Teesdale is the bigger suburb, with a population of 2,308 against 42, roughly 55 times the size of Mount Richmond; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Teesdale for rental income, Teesdale 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 Richmond, VIC 3305
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