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Codrington vs Kyabram

Property investment comparison - Codrington, VIC 3285 vs Kyabram, VIC 3620

Head-to-head across core investment metrics: Codrington wins 1, Kyabram 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.

MetricCodringtonKyabram
Median house price$505K$505K
Median unit price-$350K
Gross rental yield (houses)5.93%4.40%
Gross rental yield (units)--
1-year house growth-+11.6%estimate
3-year house growth-+5.5%
Vacancy rate2.4%0.1%
Population377,416

Codrington vs Kyabram: what the numbers say

Houses cost about the same in both suburbs: the median house price is $505K in Codrington and $505K in Kyabram.

On cash flow, Codrington leads: houses there return a gross rental yield of 5.93%, compared with 4.40% in Kyabram, a gap of 1.53 percentage points.

Rental vacancy is 0.1% in Kyabram and 2.4% in Codrington, so landlords in Kyabram face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Kyabram is the bigger suburb, with a population of 7,416 against 37, roughly 200 times the size of Codrington; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Codrington for rental income, Kyabram 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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