Kilmore vs Quarry Hill

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

For units, Kilmore sits at a median of $445K against $500K in Quarry Hill, which makes Kilmore the more affordable unit market and Quarry Hill the pricier one.

On cash flow, Quarry Hill leads: houses there return a gross rental yield of 4.30%, compared with 4.15% in Kilmore, a gap of 0.15 percentage points.

Over the past year house prices moved +2.6% in Kilmore and +7.8% in Quarry Hill, so recent momentum favours Quarry Hill, although both suburbs recorded growth.

Looking back three years, Kilmore houses are +3.4% and Quarry Hill houses +4.9%, so Quarry Hill has compounded faster than Kilmore over the longer window.

Rental vacancy is 1.2% in Quarry Hill and 1.4% in Kilmore, so landlords in Quarry Hill 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 2,365, roughly 3.9 times the size of Quarry Hill; a larger suburb usually means a deeper pool of buyers and tenants.

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