Bairnsdale vs Ullswater
Property investment comparison - Bairnsdale, VIC 3875 vs Ullswater, VIC 3318
Head-to-head across core investment metrics: Bairnsdale wins 1, Ullswater wins 1. 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.
| Metric | Bairnsdale | Ullswater |
|---|---|---|
| Median house price | $515K | $515K |
| Median unit price | $360K | - |
| Gross rental yield (houses) | 4.85% | 3.50% |
| Gross rental yield (units) | 5.52% | - |
| 1-year house growth | +16.8% | - |
| 3-year house growth | +18.4% | - |
| Vacancy rate | 1.6% | 0.5% |
| Population | 7,905 | 47 |
Bairnsdale vs Ullswater: what the numbers say
Houses cost about the same in both suburbs: the median house price is $515K in Bairnsdale and $515K in Ullswater.
On cash flow, Bairnsdale leads: houses there return a gross rental yield of 4.85%, compared with 3.50% in Ullswater, a gap of 1.35 percentage points.
Rental vacancy is 0.5% in Ullswater and 1.6% in Bairnsdale, so landlords in Ullswater face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Bairnsdale is the bigger suburb, with a population of 7,905 against 47, roughly 168 times the size of Ullswater; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Bairnsdale for rental income, Ullswater for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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