Kennington vs Myrtleford

Houses cost about the same in both suburbs: the median house price is $650K in Kennington and $650K in Myrtleford.

On cash flow, Kennington leads: houses there return a gross rental yield of 4.09%, compared with 3.86% in Myrtleford, a gap of 0.23 percentage points.

Over the past year house prices moved +10.8% in Kennington and +11.6% in Myrtleford, so recent momentum favours Myrtleford, although both suburbs recorded growth.

Looking back three years, Kennington houses are +4.1% and Myrtleford houses +8.0%, so Myrtleford has compounded faster than Kennington over the longer window.

Rental vacancy is 0.7% in Myrtleford and 1.2% in Kennington, so landlords in Myrtleford face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Kennington is the bigger suburb, with a population of 5,880 against 3,285, larger than Myrtleford; a larger suburb usually means a deeper pool of buyers and tenants.

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