Myrtleford vs Yarragon

Houses cost about the same in both suburbs: the median house price is $650K in Myrtleford and $650K in Yarragon.

On cash flow, Yarragon leads: houses there return a gross rental yield of 4.40%, compared with 3.86% in Myrtleford, a gap of 0.54 percentage points.

Over the past year house prices moved +11.6% in Myrtleford and +6.0% in Yarragon, so recent momentum favours Myrtleford, although both suburbs recorded growth.

Looking back three years, Myrtleford houses are +8.0% and Yarragon houses -3.1%, so Myrtleford has compounded faster than Yarragon over the longer window.

Rental vacancy is 0.5% in Yarragon and 0.7% in Myrtleford, so landlords in Yarragon face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Myrtleford is the bigger suburb, with a population of 3,285 against 1,893, larger than Yarragon; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Yarragon for rental income, Myrtleford for recent price momentum, Yarragon for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.