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Dimboola vs Kalkee

Property investment comparison - Dimboola, VIC 3414 vs Kalkee, VIC 3401

Head-to-head across core investment metrics: Dimboola wins 0, Kalkee wins 2. 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.

MetricDimboolaKalkee
Median house price$320K$275K
Median unit price$350K-
Gross rental yield (houses)5.91%7.52%
Gross rental yield (units)4.41%-
1-year house growth--
3-year house growth+12.1%-
Vacancy rate0.4%-
Population1,63548

Dimboola vs Kalkee: what the numbers say

The median house price is $320K in Dimboola and $275K in Kalkee, so Kalkee is the cheaper entry point, with Dimboola houses about 16% dearer.

On cash flow, Kalkee leads: houses there return a gross rental yield of 7.52%, compared with 5.91% in Dimboola, a gap of 1.61 percentage points.

Dimboola is the bigger suburb, with a population of 1,635 against 48, roughly 34 times the size of Kalkee; a larger suburb usually means a deeper pool of buyers and tenants.

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

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Dimboola vs Kalkee: Property Investment Comparison (2026)