Mulgrave vs Tarrengower
Property investment comparison - Mulgrave, VIC 3170 vs Tarrengower, VIC 3463
Head-to-head across core investment metrics: Mulgrave wins 2, Tarrengower wins 1. 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 | Mulgrave | Tarrengower |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $850K | $825K |
| Gross rental yield (houses) | 3.14% | 2.49% |
| Gross rental yield (units) | - | 1.86% |
| 1-year house growth | +2.3% | - |
| 3-year house growth | +14.7% | - |
| Vacancy rate | 1.9% | 3.5% |
| Population | 19,889 | 56 |
Mulgrave vs Tarrengower: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.1M in Mulgrave and $1.1M in Tarrengower.
For units, Mulgrave sits at a median of $850K against $825K in Tarrengower, which makes Tarrengower the more affordable unit market and Mulgrave the pricier one.
On cash flow, Mulgrave leads: houses there return a gross rental yield of 3.14%, compared with 2.49% in Tarrengower, a gap of 0.65 percentage points.
Rental vacancy is 1.9% in Mulgrave and 3.5% in Tarrengower, so landlords in Mulgrave face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Mulgrave is the bigger suburb, with a population of 19,889 against 56, roughly 355 times the size of Tarrengower; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Mulgrave for rental income, Mulgrave 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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