Killara vs Nichols Point
Property investment comparison - Killara, VIC 3691 vs Nichols Point, VIC 3501
Head-to-head across core investment metrics: Killara wins 3, Nichols Point wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Killara | Nichols Point |
|---|---|---|
| Median house price | $765K | $765K |
| Median unit price | $450K | $405K |
| Gross rental yield (houses) | 4.40% | 3.01% |
| Gross rental yield (units) | 4.02% | 6.26% |
| 1-year house growth | +17.3% | +6.0%estimate |
| 3-year house growth | +17.5% | - |
| Vacancy rate | 3.3% | 3.6% |
| Population | 1,485 | 1,723 |
Killara vs Nichols Point: what the numbers say
Houses cost about the same in both suburbs: the median house price is $765K in Killara and $765K in Nichols Point.
For units, Killara sits at a median of $450K against $405K in Nichols Point, which makes Nichols Point the more affordable unit market and Killara the pricier one.
On cash flow, Killara leads: houses there return a gross rental yield of 4.40%, compared with 3.01% in Nichols Point, a gap of 1.39 percentage points.
Over the past year house prices moved +17.3% in Killara and +6.0% in Nichols Point (an estimate), so recent momentum favours Killara, although both suburbs recorded growth.
Rental vacancy is 3.3% in Killara and 3.6% in Nichols Point, so landlords in Killara face less competition for tenants.
Nichols Point is the bigger suburb, with a population of 1,723 against 1,485, larger than Killara; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Killara for rental income, Killara for recent price momentum, Killara for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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