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Kilmore vs Rockbank

Property investment comparison - Kilmore, VIC 3764 vs Rockbank, VIC 3335

Head-to-head across core investment metrics: Kilmore wins 5, Rockbank wins 0. 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.

MetricKilmoreRockbank
Median house price$630K$630K
Median unit price$445K$530K
Gross rental yield (houses)4.15%-
Gross rental yield (units)4.80%4.33%
1-year house growth+2.6%+1.4%
3-year house growth+3.4%-0.2%
Vacancy rate1.4%4.9%
Population9,2072,583

Kilmore vs Rockbank: what the numbers say

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

For units, Kilmore sits at a median of $445K against $530K in Rockbank, which makes Kilmore the more affordable unit market and Rockbank the pricier one.

Over the past year house prices moved +2.6% in Kilmore and +1.4% in Rockbank, so recent momentum favours Kilmore, although both suburbs recorded growth.

Looking back three years, Kilmore houses are +3.4% and Rockbank houses -0.2%, so Kilmore has compounded faster than Rockbank over the longer window.

Rental vacancy is 1.4% in Kilmore and 4.9% in Rockbank, so landlords in Kilmore 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 2,583, roughly 3.6 times the size of Rockbank; a larger suburb usually means a deeper pool of buyers and tenants.

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

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Kilmore vs Rockbank: Property Investment Comparison (2026)