Cedar Creek vs Upper Kedron

Houses cost about the same in both suburbs: the median house price is $1.4M in Cedar Creek and $1.4M in Upper Kedron.

For units, Cedar Creek sits at a median of $720K against $1.1M in Upper Kedron, which makes Cedar Creek the more affordable unit market and Upper Kedron the pricier one.

On cash flow, Upper Kedron leads: houses there return a gross rental yield of 3.20%, compared with 2.47% in Cedar Creek, a gap of 0.73 percentage points.

Over the past year house prices moved +22.9% in Cedar Creek (an estimate) and +12.8% in Upper Kedron, so recent momentum favours Cedar Creek, although both suburbs recorded growth.

Rental vacancy is 0.6% in Cedar Creek and 1.0% in Upper Kedron, so landlords in Cedar Creek face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Upper Kedron is the bigger suburb, with a population of 5,800 against 1,692, roughly 3.4 times the size of Cedar Creek; a larger suburb usually means a deeper pool of buyers and tenants.

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