Kellyville vs St Peters

The median house price is $2.0M in Kellyville and $2.0M in St Peters, so Kellyville is the cheaper entry point.

For units, Kellyville sits at a median of $820K against $950K in St Peters, which makes Kellyville the more affordable unit market and St Peters the pricier one.

On cash flow, St Peters leads: houses there return a gross rental yield of 2.93%, compared with 2.56% in Kellyville, a gap of 0.37 percentage points.

Over the past year house prices moved +1.9% in Kellyville (an estimate) and +3.8% in St Peters (an estimate), so recent momentum favours St Peters, although both suburbs recorded growth.

Rental vacancy is 1.1% in St Peters and 2.1% in Kellyville, so landlords in St Peters face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Kellyville is the bigger suburb, with a population of 27,011 against 3,629, roughly 7 times the size of St Peters; a larger suburb usually means a deeper pool of buyers and tenants.

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