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Barramunga vs Keilor

Property investment comparison - Barramunga, VIC 3249 vs Keilor, VIC 3036

Head-to-head across core investment metrics: Barramunga wins 2, Keilor 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.

MetricBarramungaKeilor
Median house price$1.2M$1.2M
Median unit price-$670K
Gross rental yield (houses)2.03%2.91%
Gross rental yield (units)-4.02%
1-year house growth-+4.7%estimate
3-year house growth--
Vacancy rate1.1%1.5%
Population115,906

Barramunga vs Keilor: what the numbers say

The median house price is $1.2M in Barramunga and $1.2M in Keilor, so Barramunga is the cheaper entry point.

On cash flow, Keilor leads: houses there return a gross rental yield of 2.91%, compared with 2.03% in Barramunga, a gap of 0.88 percentage points.

Rental vacancy is 1.1% in Barramunga and 1.5% in Keilor, so landlords in Barramunga face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Keilor is the bigger suburb, with a population of 5,906 against 11, roughly 537 times the size of Barramunga; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Keilor for rental income, Barramunga for a lower purchase price, Barramunga 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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