Gracemere vs Kepnock

Houses cost about the same in both suburbs: the median house price is $675K in Gracemere and $675K in Kepnock.

On cash flow, Kepnock leads: houses there return a gross rental yield of 4.67%, compared with 4.40% in Gracemere, a gap of 0.27 percentage points.

Over the past year house prices moved +18.6% in Gracemere and +16.6% in Kepnock, so recent momentum favours Gracemere, although both suburbs recorded growth.

Looking back three years, Gracemere houses are +78.8% and Kepnock houses +60.4%, so Gracemere has compounded faster than Kepnock over the longer window.

Rental vacancy is 1.9% in Gracemere and 2.0% in Kepnock, so landlords in Gracemere face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Gracemere is the bigger suburb, with a population of 12,023 against 4,501, roughly 2.7 times the size of Kepnock; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Kepnock for rental income, Gracemere for recent price momentum, Gracemere for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.