Kenmore vs Macgregor

The median house price is $1.5M in Kenmore and $1.5M in Macgregor, so Kenmore is the cheaper entry point, with Macgregor houses about 1% dearer.

For units, Kenmore sits at a median of $1.1M against $725K in Macgregor, which makes Macgregor the more affordable unit market and Kenmore the pricier one.

Over the past year house prices moved +15.1% in Kenmore and +7.9% in Macgregor, so recent momentum favours Kenmore, although both suburbs recorded growth.

Looking back three years, Kenmore houses are +45.3% and Macgregor houses +52.9%, so Macgregor has compounded faster than Kenmore over the longer window.

Rental vacancy is 1.6% in Kenmore and 1.8% in Macgregor, so landlords in Kenmore face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Kenmore is the bigger suburb, with a population of 9,675 against 5,980, larger than Macgregor; a larger suburb usually means a deeper pool of buyers and tenants.

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