Keilor Downs vs Skye
Property investment comparison - Keilor Downs, VIC 3038 vs Skye, VIC 3977
Head-to-head across core investment metrics: Keilor Downs wins 0, Skye wins 3. 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 | Keilor Downs | Skye |
|---|---|---|
| Median house price | $860K | $860K |
| Median unit price | $630K | $630K |
| Gross rental yield (houses) | 3.33% | 3.99% |
| Gross rental yield (units) | - | 4.57% |
| 1-year house growth | +4.3%estimate | +8.2% |
| 3-year house growth | - | +13.2% |
| Vacancy rate | 1.4% | 1.0% |
| Population | 9,857 | 8,088 |
Keilor Downs vs Skye: what the numbers say
Houses cost about the same in both suburbs: the median house price is $860K in Keilor Downs and $860K in Skye.
On cash flow, Skye leads: houses there return a gross rental yield of 3.99%, compared with 3.33% in Keilor Downs, a gap of 0.66 percentage points.
Over the past year house prices moved +4.3% in Keilor Downs (an estimate) and +8.2% in Skye, so recent momentum favours Skye, although both suburbs recorded growth.
Rental vacancy is 1.0% in Skye and 1.4% in Keilor Downs, so landlords in Skye face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Keilor Downs is the bigger suburb, with a population of 9,857 against 8,088, larger than Skye; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Skye for rental income, Skye for recent price momentum, Skye 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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