Mount Keira vs North Richmond

The median house price is $1.3M in Mount Keira and $1.3M in North Richmond, so Mount Keira is the cheaper entry point, with North Richmond houses about 1% dearer.

For units, Mount Keira sits at a median of $395K against $770K in North Richmond, which makes Mount Keira the more affordable unit market and North Richmond the pricier one.

On cash flow, Mount Keira leads: houses there return a gross rental yield of 3.80%, compared with 3.00% in North Richmond, a gap of 0.80 percentage points.

Over the past year house prices moved +4.3% in Mount Keira (an estimate) and +13.5% in North Richmond, so recent momentum favours North Richmond, although both suburbs recorded growth.

Rental vacancy is 1.0% in North Richmond and 2.3% in Mount Keira, so landlords in North Richmond face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

North Richmond is the bigger suburb, with a population of 6,358 against 1,691, roughly 3.8 times the size of Mount Keira; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Mount Keira for rental income, Mount Keira for a lower purchase price, North Richmond for recent price momentum, North Richmond for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.