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Keilor Lodge vs Mount Dandenong

Property investment comparison - Keilor Lodge, VIC 3038 vs Mount Dandenong, VIC 3767

Head-to-head across core investment metrics: Keilor Lodge wins 2, Mount Dandenong 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.

MetricKeilor LodgeMount Dandenong
Median house price$1.1M$1.1M
Median unit price-$1.0M
Gross rental yield (houses)-3.65%
Gross rental yield (units)3.89%-
1-year house growth+6.4%-1.0%
3-year house growth+15.8%+25.6%
Vacancy rate3.5%3.7%
Population1,6681,271

Keilor Lodge vs Mount Dandenong: what the numbers say

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

Over the past year house prices moved +6.4% in Keilor Lodge and -1.0% in Mount Dandenong, so recent momentum favours Keilor Lodge, while Mount Dandenong went backwards.

Looking back three years, Keilor Lodge houses are +15.8% and Mount Dandenong houses +25.6%, so Mount Dandenong has compounded faster than Keilor Lodge over the longer window.

Rental vacancy is 3.5% in Keilor Lodge and 3.7% in Mount Dandenong, so landlords in Keilor Lodge face less competition for tenants.

Keilor Lodge is the bigger suburb, with a population of 1,668 against 1,271, larger than Mount Dandenong; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Mount Dandenong for a lower purchase price, Keilor Lodge for recent price momentum, Keilor Lodge 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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