Kawungan vs Kearneys Spring
Property investment comparison - Kawungan, QLD 4655 vs Kearneys Spring, QLD 4350
Head-to-head across core investment metrics: Kawungan wins 1, Kearneys Spring 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.
| Metric | Kawungan | Kearneys Spring |
|---|---|---|
| Median house price | $830K | $830K |
| Median unit price | - | $625K |
| Gross rental yield (houses) | 4.20% | 3.85% |
| Gross rental yield (units) | 4.11% | - |
| 1-year house growth | +16.6% | +17.8%estimate |
| 3-year house growth | +35.2% | - |
| Vacancy rate | 2.4% | 1.1% |
| Population | 5,460 | 9,419 |
Kawungan vs Kearneys Spring: what the numbers say
Houses cost about the same in both suburbs: the median house price is $830K in Kawungan and $830K in Kearneys Spring.
On cash flow, Kawungan leads: houses there return a gross rental yield of 4.20%, compared with 3.85% in Kearneys Spring, a gap of 0.35 percentage points.
Over the past year house prices moved +16.6% in Kawungan and +17.8% in Kearneys Spring (an estimate), so recent momentum favours Kearneys Spring, although both suburbs recorded growth.
Rental vacancy is 1.1% in Kearneys Spring and 2.4% in Kawungan, so landlords in Kearneys Spring face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Kearneys Spring is the bigger suburb, with a population of 9,419 against 5,460, larger than Kawungan; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Kawungan for rental income, Kearneys Spring for recent price momentum, Kearneys Spring 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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Kearneys Spring, QLD 4350
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