Murrumbeena vs Parkdale
Property investment comparison - Murrumbeena, VIC 3163 vs Parkdale, VIC 3195
Head-to-head across core investment metrics: Murrumbeena wins 0, Parkdale wins 5. 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 | Murrumbeena | Parkdale |
|---|---|---|
| Median house price | $1.6M | $1.6M |
| Median unit price | - | $745K |
| Gross rental yield (houses) | 2.52% | 2.66% |
| Gross rental yield (units) | - | 4.15% |
| 1-year house growth | +0.0% | +8.1% |
| 3-year house growth | +0.0% | +19.7% |
| Vacancy rate | 1.4% | 1.4% |
| Population | 9,996 | 12,308 |
Murrumbeena vs Parkdale: what the numbers say
The median house price is $1.6M in Murrumbeena and $1.6M in Parkdale, so Parkdale is the cheaper entry point.
On cash flow, Parkdale leads: houses there return a gross rental yield of 2.66%, compared with 2.52% in Murrumbeena, a gap of 0.14 percentage points.
Over the past year house prices moved +0.0% in Murrumbeena and +8.1% in Parkdale, so recent momentum favours Parkdale, although both suburbs recorded growth.
Looking back three years, Murrumbeena houses are +0.0% and Parkdale houses +19.7%, so Parkdale has compounded faster than Murrumbeena over the longer window.
Rental vacancy is the same in both, at 1.4%.
Parkdale is the bigger suburb, with a population of 12,308 against 9,996, larger than Murrumbeena; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Parkdale for rental income, Parkdale for a lower purchase price, Parkdale for recent price momentum. 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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