Anstead vs Kedron

The median house price is $1.6M in Anstead and $1.6M in Kedron, so Kedron is the cheaper entry point.

For units, Anstead sits at a median of $720K against $820K in Kedron, which makes Anstead the more affordable unit market and Kedron the pricier one.

On cash flow, Anstead leads: houses there return a gross rental yield of 2.88%, compared with 2.47% in Kedron, a gap of 0.41 percentage points.

Over the past year house prices moved +16.4% in Anstead (an estimate) and +13.1% in Kedron, so recent momentum favours Anstead, although both suburbs recorded growth.

Rental vacancy is 1.0% in Kedron and 2.0% in Anstead, so landlords in Kedron face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Kedron is the bigger suburb, with a population of 9,907 against 1,522, roughly 7 times the size of Anstead; a larger suburb usually means a deeper pool of buyers and tenants.

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