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Hilldene vs Kealba

Property investment comparison - Hilldene, VIC 3660 vs Kealba, VIC 3021

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

MetricHilldeneKealba
Median house price$770K$775K
Median unit price$495K-
Gross rental yield (houses)3.25%3.70%
Gross rental yield (units)3.81%4.70%
1-year house growth-+7.3%estimate
3-year house growth--
Vacancy rate1.0%1.3%
Population3303,226

Hilldene vs Kealba: what the numbers say

The median house price is $770K in Hilldene and $775K in Kealba, so Hilldene is the cheaper entry point, with Kealba houses about 1% dearer.

On cash flow, Kealba leads: houses there return a gross rental yield of 3.70%, compared with 3.25% in Hilldene, a gap of 0.45 percentage points.

Rental vacancy is 1.0% in Hilldene and 1.3% in Kealba, so landlords in Hilldene 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 330, roughly 10 times the size of Hilldene; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Kealba for rental income, Hilldene for a lower purchase price, Hilldene 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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