Kilmore vs Longwarry

Houses cost about the same in both suburbs: the median house price is $630K in Kilmore and $630K in Longwarry.

For units, Kilmore sits at a median of $445K against $525K in Longwarry, which makes Kilmore the more affordable unit market and Longwarry the pricier one.

On cash flow, Longwarry leads: houses there return a gross rental yield of 4.48%, compared with 4.15% in Kilmore, a gap of 0.33 percentage points.

Over the past year house prices moved +2.6% in Kilmore and +6.0% in Longwarry, so recent momentum favours Longwarry, although both suburbs recorded growth.

Looking back three years, Kilmore houses are +3.4% and Longwarry houses +9.4%, so Longwarry has compounded faster than Kilmore over the longer window.

Rental vacancy is 0.8% in Longwarry and 1.4% in Kilmore, so landlords in Longwarry face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Kilmore is the bigger suburb, with a population of 9,207 against 2,436, roughly 3.8 times the size of Longwarry; a larger suburb usually means a deeper pool of buyers and tenants.

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