Keilor East vs Oak Park

The median house price is $1.1M in Keilor East and $1.1M in Oak Park, so Oak Park is the cheaper entry point, with Keilor East houses about 1% dearer.

For units, Keilor East sits at a median of $710K against $665K in Oak Park, which makes Oak Park the more affordable unit market and Keilor East the pricier one.

Over the past year house prices moved +10.8% in Keilor East and -4.3% in Oak Park, so recent momentum favours Keilor East, while Oak Park went backwards.

Looking back three years, Keilor East houses are +15.4% and Oak Park houses +4.2%, so Keilor East has compounded faster than Oak Park over the longer window.

Rental vacancy is 0.8% in Keilor East and 1.5% in Oak Park, so landlords in Keilor East face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Keilor East is the bigger suburb, with a population of 15,078 against 6,714, roughly 2.2 times the size of Oak Park; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Oak Park for a lower purchase price, Keilor East for recent price momentum, Keilor East for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.