Myrrhee vs Somerville
Property investment comparison - Myrrhee, VIC 3732 vs Somerville, VIC 3912
Head-to-head across core investment metrics: Myrrhee wins 1, Somerville wins 3. 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 | Myrrhee | Somerville |
|---|---|---|
| Median house price | $920K | $915K |
| Median unit price | $170K | $630K |
| Gross rental yield (houses) | 2.91% | 3.80% |
| Gross rental yield (units) | - | 4.63% |
| 1-year house growth | - | +6.8%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 3.0% | 0.3% |
| Population | 168 | 11,767 |
Myrrhee vs Somerville: what the numbers say
The median house price is $920K in Myrrhee and $915K in Somerville, so Somerville is the cheaper entry point, with Myrrhee houses about 1% dearer.
For units, Myrrhee sits at a median of $170K against $630K in Somerville, which makes Myrrhee the more affordable unit market and Somerville the pricier one.
On cash flow, Somerville leads: houses there return a gross rental yield of 3.80%, compared with 2.91% in Myrrhee, a gap of 0.89 percentage points.
Rental vacancy is 0.3% in Somerville and 3.0% in Myrrhee, so landlords in Somerville face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Somerville is the bigger suburb, with a population of 11,767 against 168, roughly 70 times the size of Myrrhee; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Somerville for rental income, Somerville for a lower purchase price, Somerville 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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