Blackwood vs Wallan
Property investment comparison - Blackwood, VIC 3458 vs Wallan, VIC 3756
Head-to-head across core investment metrics: Blackwood wins 2, Wallan 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 | Wallan |
|---|---|---|
| Median house price | $615K | $620K |
| Median unit price | $700K | $465K |
| Gross rental yield (houses) | - | 4.00% |
| Gross rental yield (units) | 3.58% | 4.77% |
| 1-year house growth | +5.7%estimate | +0.0% |
| 3-year house growth | - | -0.8% |
| Vacancy rate | 2.7% | 2.1% |
| Population | 387 | 15,004 |
Blackwood vs Wallan: what the numbers say
The median house price is $615K in Blackwood and $620K in Wallan, so Blackwood is the cheaper entry point, with Wallan houses about 1% dearer.
For units, Blackwood sits at a median of $700K against $465K in Wallan, which makes Wallan the more affordable unit market and Blackwood the pricier one.
Over the past year house prices moved +5.7% in Blackwood (an estimate) and +0.0% in Wallan, so recent momentum favours Blackwood, although both suburbs recorded growth.
Rental vacancy is 2.1% in Wallan and 2.7% in Blackwood, so landlords in Wallan face less competition for tenants.
Wallan is the bigger suburb, with a population of 15,004 against 387, roughly 39 times the size of Blackwood; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Blackwood for a lower purchase price, Blackwood for recent price momentum, Wallan 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
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison