Kenilworth vs Walloon

Houses cost about the same in both suburbs: the median house price is $875K in Kenilworth and $875K in Walloon.

For units, Kenilworth sits at a median of $265K against $560K in Walloon, which makes Kenilworth the more affordable unit market and Walloon the pricier one.

On cash flow, Walloon leads: houses there return a gross rental yield of 3.77%, compared with 3.15% in Kenilworth, a gap of 0.62 percentage points.

Over the past year house prices moved +19.9% in Kenilworth and +21.3% in Walloon (an estimate), so recent momentum favours Walloon, although both suburbs recorded growth.

Rental vacancy is 1.3% in Kenilworth and 1.7% in Walloon, so landlords in Kenilworth face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Walloon is the bigger suburb, with a population of 2,305 against 604, roughly 3.8 times the size of Kenilworth; a larger suburb usually means a deeper pool of buyers and tenants.

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