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Drummond North vs Killara

Property investment comparison - Drummond North, VIC 3446 vs Killara, VIC 3691

Head-to-head across core investment metrics: Drummond North wins 1, Killara 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 NorthKillara
Median house price$775K$775K
Median unit price$1.9M$445K
Gross rental yield (houses)3.18%4.20%
Gross rental yield (units)-4.06%
1-year house growth-+16.4%estimate
3-year house growth--
Vacancy rate1.6%3.3%
Population2031,485

Drummond North vs Killara: what the numbers say

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

For units, Drummond North sits at a median of $1.9M against $445K in Killara, which makes Killara the more affordable unit market and Drummond North the pricier one.

On cash flow, Killara leads: houses there return a gross rental yield of 4.20%, compared with 3.18% in Drummond North, a gap of 1.02 percentage points.

Rental vacancy is 1.6% in Drummond North and 3.3% in Killara, so landlords in Drummond North face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Killara is the bigger suburb, with a population of 1,485 against 203, roughly 7 times the size of Drummond North; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Killara for rental income, Drummond North 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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