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Drummond North vs Kealba

Property investment comparison - Drummond North, VIC 3446 vs Kealba, VIC 3021

Head-to-head across core investment metrics: Drummond North wins 0, Kealba 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.

MetricDrummond NorthKealba
Median house price$775K$775K
Median unit price$1.9M-
Gross rental yield (houses)3.18%3.70%
Gross rental yield (units)-4.70%
1-year house growth-+7.3%estimate
3-year house growth--
Vacancy rate1.6%1.3%
Population2033,226

Drummond North vs Kealba: what the numbers say

Houses cost about the same in both suburbs: the median house price is $775K in Drummond North and $775K in Kealba.

On cash flow, Kealba leads: houses there return a gross rental yield of 3.70%, compared with 3.18% in Drummond North, a gap of 0.52 percentage points.

Rental vacancy is 1.3% in Kealba and 1.6% in Drummond North, so landlords in Kealba face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Kealba is the bigger suburb, with a population of 3,226 against 203, roughly 16 times the size of Drummond North; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Kealba for rental income, Kealba 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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