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Heathmont vs Kergunyah South

Property investment comparison - Heathmont, VIC 3135 vs Kergunyah South, VIC 3691

Head-to-head across core investment metrics: Heathmont wins 2, Kergunyah South wins 1. 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.

MetricHeathmontKergunyah South
Median house price$1.1M$1.1M
Median unit price$770K-
Gross rental yield (houses)3.26%3.10%
Gross rental yield (units)3.92%-
1-year house growth-0.1%estimate-
3-year house growth--
Vacancy rate1.0%5.9%
Population9,93376

Heathmont vs Kergunyah South: what the numbers say

The median house price is $1.1M in Heathmont and $1.1M in Kergunyah South, so Kergunyah South is the cheaper entry point.

On cash flow, Heathmont leads: houses there return a gross rental yield of 3.26%, compared with 3.10% in Kergunyah South, a gap of 0.16 percentage points.

Rental vacancy is 1.0% in Heathmont and 5.9% in Kergunyah South, so landlords in Heathmont face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Heathmont is the bigger suburb, with a population of 9,933 against 76, roughly 131 times the size of Kergunyah South; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Heathmont for rental income, Kergunyah South for a lower purchase price, Heathmont 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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Heathmont vs Kergunyah South: Suburb Comparison 2026