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Kealba, VIC 3021
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$775,000
market range $725K-$850K
Median Unit
$565,000
list-price estimate
Gross Yield (houses)
3.7%
1yr Growth (houses)
+7.3%
market range -2.5% to +15.0%
Investment snapshot for Kealba
Kealba has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Kealba market and investor summary
Kealba (VIC 3021) runs a median house price of $775K, with houses yielding a gross 3.7%. House prices have moved +7.3% over the past year. At 1.3% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.7% is neither a standout cashflow play nor a pure growth bet.
Living in Kealba: people, income and schools
About 3,226 people live in Kealba, a count that has slipped about 3% over five years. The median age is 39, broadly working-age, and 78% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $80,000 a year, or roughly $1,540 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to a steep 9.7 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 33% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 50 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 15 km from the CBD. It is fairly car-dependent; the suburb scores 44 for walkability and 15 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 3,226
- -3% over 5yr
- Median age
- 39 years
- Median household income
- $80,000/yr
- Households renting
- 18%
- Family households
- 77%
- Socio-economic rank
- 1/10
- ABS advantage index
- Schools within 5km
- 50
- avg ICSEA 982
- Unemployment
- 9.6%
- Distance to CBD
- 15 km
- Walk score
- 44/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Kealba
View all →Frequently asked questions about Kealba
What should I check before investing in Kealba?
Kealba has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Capital growth of +7.3% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Kealba?
The median property price in Kealba, VIC 3021 is $775K for houses.
What rental yield does Kealba show?
The gross rental yield in Kealba is 3.7% for houses and 4.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Kealba?
House prices in Kealba are up 7.3% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Kealba?
The current vacancy rate in Kealba is 1.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Kealba?
Kealba has a population of approximately 3,226 residents, with a median age of 39.
What schools are near Kealba?
There are 50 schools within roughly 5km of Kealba. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Kealba affordable to buy in?
A median house in Kealba costs about 9.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Kealba's population growing?
The population of Kealba has fallen about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Kealba from the CBD?
Kealba is about 15 km from the CBD.
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