Kallista vs Nar Nar Goon
Property investment comparison - Kallista, VIC 3791 vs Nar Nar Goon, VIC 3812
Head-to-head across core investment metrics: Kallista wins 1, Nar Nar Goon wins 4. 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.
| Metric | Kallista | Nar Nar Goon |
|---|---|---|
| Median house price | $1.0M | $1M |
| Median unit price | $1.2M | - |
| Gross rental yield (houses) | 3.23% | 3.50% |
| Gross rental yield (units) | 1.87% | 3.14% |
| 1-year house growth | -0.9%estimate | +3.1%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 1.8% | 2.3% |
| Population | 1,418 | 1,023 |
Kallista vs Nar Nar Goon: what the numbers say
The median house price is $1.0M in Kallista and $1M in Nar Nar Goon, so Nar Nar Goon is the cheaper entry point, with Kallista houses about 1% dearer.
On cash flow, Nar Nar Goon leads: houses there return a gross rental yield of 3.50%, compared with 3.23% in Kallista, a gap of 0.27 percentage points.
Over the past year house prices moved -0.9% in Kallista (an estimate) and +3.1% in Nar Nar Goon (an estimate), so recent momentum favours Nar Nar Goon, while Kallista went backwards.
Rental vacancy is 1.8% in Kallista and 2.3% in Nar Nar Goon, so landlords in Kallista face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Kallista is the bigger suburb, with a population of 1,418 against 1,023, larger than Nar Nar Goon; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Nar Nar Goon for rental income, Nar Nar Goon for a lower purchase price, Nar Nar Goon for recent price momentum, Kallista for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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