Nhill vs St Arnaud
Property investment comparison - Nhill, VIC 3418 vs St Arnaud, VIC 3478
Head-to-head across core investment metrics: Nhill wins 3, St Arnaud 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 | Nhill | St Arnaud |
|---|---|---|
| Median house price | $280K | $305K |
| Median unit price | $375K | - |
| Gross rental yield (houses) | 6.64% | - |
| Gross rental yield (units) | 2.40% | 4.25% |
| 1-year house growth | +17.4%estimate | +4.5% |
| 3-year house growth | - | +5.4% |
| Vacancy rate | 0.1% | 0.6% |
| Population | 2,401 | 2,318 |
Nhill vs St Arnaud: what the numbers say
The median house price is $280K in Nhill and $305K in St Arnaud, so Nhill is the cheaper entry point, with St Arnaud houses about 9% dearer.
Over the past year house prices moved +17.4% in Nhill (an estimate) and +4.5% in St Arnaud, so recent momentum favours Nhill, although both suburbs recorded growth.
Rental vacancy is 0.1% in Nhill and 0.6% in St Arnaud, so landlords in Nhill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Nhill is the bigger suburb, with a population of 2,401 against 2,318, larger than St Arnaud; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Nhill for a lower purchase price, Nhill for recent price momentum, Nhill 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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