Altona Meadows vs Kealba
Property investment comparison - Altona Meadows, VIC 3028 vs Kealba, VIC 3021
Head-to-head across core investment metrics: Altona Meadows wins 0, Kealba wins 4. 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 | Altona Meadows | Kealba |
|---|---|---|
| Median house price | $775K | $775K |
| Median unit price | $560K | - |
| Gross rental yield (houses) | 3.65% | 3.70% |
| Gross rental yield (units) | 4.37% | 4.70% |
| 1-year house growth | +5.4% | +7.3%estimate |
| 3-year house growth | +11.6% | - |
| Vacancy rate | 1.5% | 1.3% |
| Population | 18,479 | 3,226 |
Altona Meadows vs Kealba: what the numbers say
Houses cost about the same in both suburbs: the median house price is $775K in Altona Meadows and $775K in Kealba.
On cash flow, Kealba leads: houses there return a gross rental yield of 3.70%, compared with 3.65% in Altona Meadows, a gap of 0.05 percentage points.
Over the past year house prices moved +5.4% in Altona Meadows and +7.3% in Kealba (an estimate), so recent momentum favours Kealba, although both suburbs recorded growth.
Rental vacancy is 1.3% in Kealba and 1.5% in Altona Meadows, so landlords in Kealba face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Altona Meadows is the bigger suburb, with a population of 18,479 against 3,226, roughly 6 times the size of Kealba; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Kealba for rental income, Kealba for recent price momentum, Kealba for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Altona Meadows, VIC 3028
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