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Dimboola vs Kewell

Property investment comparison - Dimboola, VIC 3414 vs Kewell, VIC 3390

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

MetricDimboolaKewell
Median house price$320K$275K
Median unit price$350K$290K
Gross rental yield (houses)5.91%5.07%
Gross rental yield (units)4.41%-
1-year house growth--
3-year house growth+12.1%-
Vacancy rate0.4%0.9%
Population1,63557

Dimboola vs Kewell: what the numbers say

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

For units, Dimboola sits at a median of $350K against $290K in Kewell, which makes Kewell the more affordable unit market and Dimboola the pricier one.

On cash flow, Dimboola leads: houses there return a gross rental yield of 5.91%, compared with 5.07% in Kewell, a gap of 0.84 percentage points.

Rental vacancy is 0.4% in Dimboola and 0.9% in Kewell, so landlords in Dimboola face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Dimboola is the bigger suburb, with a population of 1,635 against 57, roughly 29 times the size of Kewell; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Dimboola for rental income, Kewell for a lower purchase price, Dimboola 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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