Keilor vs Nunawading

The median house price is $1.2M in Keilor and $1.2M in Nunawading, so Keilor is the cheaper entry point, with Nunawading houses about 1% dearer.

For units, Keilor sits at a median of $670K against $810K in Nunawading, which makes Keilor the more affordable unit market and Nunawading the pricier one.

On cash flow, Keilor leads: houses there return a gross rental yield of 2.91%, compared with 2.82% in Nunawading, a gap of 0.09 percentage points.

Over the past year house prices moved +4.7% in Keilor (an estimate) and +0.8% in Nunawading (an estimate), so recent momentum favours Keilor, although both suburbs recorded growth.

Rental vacancy is 1.0% in Nunawading and 1.5% in Keilor, so landlords in Nunawading face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Nunawading is the bigger suburb, with a population of 12,413 against 5,906, roughly 2.1 times the size of Keilor; a larger suburb usually means a deeper pool of buyers and tenants.

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