Myall vs Wallan
Property investment comparison - Myall, VIC 3579 vs Wallan, VIC 3756
Head-to-head across core investment metrics: Myall wins 3, Wallan 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 | Myall | Wallan |
|---|---|---|
| Median house price | $620K | $620K |
| Median unit price | $220K | $465K |
| Gross rental yield (houses) | 3.46% | 4.00% |
| Gross rental yield (units) | 5.67% | 4.77% |
| 1-year house growth | - | +0.0% |
| 3-year house growth | - | -0.8% |
| Vacancy rate | 0.9% | 2.1% |
| Population | 115 | 15,004 |
Myall vs Wallan: what the numbers say
Houses cost about the same in both suburbs: the median house price is $620K in Myall and $620K in Wallan.
For units, Myall sits at a median of $220K against $465K in Wallan, which makes Myall the more affordable unit market and Wallan the pricier one.
On cash flow, Wallan leads: houses there return a gross rental yield of 4.00%, compared with 3.46% in Myall, a gap of 0.54 percentage points.
Rental vacancy is 0.9% in Myall and 2.1% in Wallan, so landlords in Myall face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Wallan is the bigger suburb, with a population of 15,004 against 115, roughly 130 times the size of Myall; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Wallan for rental income, Myall 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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