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Belgrave vs Werribee South

Property investment comparison - Belgrave, VIC 3160 vs Werribee South, VIC 3030

Head-to-head across core investment metrics: Belgrave wins 3, Werribee South 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.

MetricBelgraveWerribee South
Median house price$855K$850K
Median unit price-$410K
Gross rental yield (houses)4.01%3.52%
Gross rental yield (units)1.83%-
1-year house growth+4.8%-6.6%estimate
3-year house growth+3.3%-
Vacancy rate1.6%1.6%
Population3,8942,392

Belgrave vs Werribee South: what the numbers say

The median house price is $855K in Belgrave and $850K in Werribee South, so Werribee South is the cheaper entry point, with Belgrave houses about 1% dearer.

On cash flow, Belgrave leads: houses there return a gross rental yield of 4.01%, compared with 3.52% in Werribee South, a gap of 0.49 percentage points.

Over the past year house prices moved +4.8% in Belgrave and -6.6% in Werribee South (an estimate), so recent momentum favours Belgrave, while Werribee South went backwards.

Rental vacancy is the same in both, at 1.6%.

Belgrave is the bigger suburb, with a population of 3,894 against 2,392, larger than Werribee South; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Belgrave for rental income, Werribee South for a lower purchase price, Belgrave for recent price momentum. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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