Murrindindi vs Nar Nar Goon
Property investment comparison - Murrindindi, VIC 3717 vs Nar Nar Goon, VIC 3812
Head-to-head across core investment metrics: Murrindindi wins 1, Nar Nar Goon 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 | Murrindindi | Nar Nar Goon |
|---|---|---|
| Median house price | $1M | $1M |
| Median unit price | $820K | - |
| Gross rental yield (houses) | 2.60% | 3.50% |
| Gross rental yield (units) | 2.50% | 3.14% |
| 1-year house growth | - | +3.1%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 2.2% | 2.3% |
| Population | 114 | 1,023 |
Murrindindi vs Nar Nar Goon: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1M in Murrindindi and $1M in Nar Nar Goon.
On cash flow, Nar Nar Goon leads: houses there return a gross rental yield of 3.50%, compared with 2.60% in Murrindindi, a gap of 0.90 percentage points.
Rental vacancy is 2.2% in Murrindindi and 2.3% in Nar Nar Goon, so landlords in Murrindindi face less competition for tenants.
Nar Nar Goon is the bigger suburb, with a population of 1,023 against 114, roughly 9 times the size of Murrindindi; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Nar Nar Goon for rental income, Murrindindi 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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