Myrtle Creek vs Richmond
Property investment comparison - Myrtle Creek, VIC 3444 vs Richmond, VIC 3121
Head-to-head across core investment metrics: Myrtle Creek wins 0, Richmond 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 | Myrtle Creek | Richmond |
|---|---|---|
| Median house price | $1.4M | $1.4M |
| Median unit price | - | $780K |
| Gross rental yield (houses) | - | 3.41% |
| Gross rental yield (units) | - | 4.13% |
| 1-year house growth | - | -3.2%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 2.8% | 1.8% |
| Population | 68 | 28,587 |
Myrtle Creek vs Richmond: what the numbers say
The median house price is $1.4M in Myrtle Creek and $1.4M in Richmond, so Richmond is the cheaper entry point.
Rental vacancy is 1.8% in Richmond and 2.8% in Myrtle Creek, so landlords in Richmond face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Richmond is the bigger suburb, with a population of 28,587 against 68, roughly 420 times the size of Myrtle Creek; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Richmond for a lower purchase price, Richmond 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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