Blackwood vs North Wonthaggi
Property investment comparison - Blackwood, VIC 3458 vs North Wonthaggi, VIC 3995
Head-to-head across core investment metrics: Blackwood wins 1, North Wonthaggi wins 3. 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 | Blackwood | North Wonthaggi |
|---|---|---|
| Median house price | $615K | $610K |
| Median unit price | $700K | - |
| Gross rental yield (houses) | - | 4.49% |
| Gross rental yield (units) | 3.58% | 5.02% |
| 1-year house growth | +5.7%estimate | +1.6% |
| 3-year house growth | - | -5.6% |
| Vacancy rate | 2.7% | 0.6% |
| Population | 387 | 3,475 |
Blackwood vs North Wonthaggi: what the numbers say
The median house price is $615K in Blackwood and $610K in North Wonthaggi, so North Wonthaggi is the cheaper entry point, with Blackwood houses about 1% dearer.
Over the past year house prices moved +5.7% in Blackwood (an estimate) and +1.6% in North Wonthaggi, so recent momentum favours Blackwood, although both suburbs recorded growth.
Rental vacancy is 0.6% in North Wonthaggi and 2.7% in Blackwood, so landlords in North Wonthaggi face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
North Wonthaggi is the bigger suburb, with a population of 3,475 against 387, roughly 9 times the size of Blackwood; a larger suburb usually means a deeper pool of buyers and tenants.
In short: North Wonthaggi for a lower purchase price, Blackwood for recent price momentum, North Wonthaggi 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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North Wonthaggi, VIC 3995
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