Bundoora vs Wirrate
Property investment comparison - Bundoora, VIC 3083 vs Wirrate, VIC 3608
Head-to-head across core investment metrics: Bundoora wins 3, Wirrate 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 | Bundoora | Wirrate |
|---|---|---|
| Median house price | $910K | $915K |
| Median unit price | $505K | $505K |
| Gross rental yield (houses) | 3.44% | 3.37% |
| Gross rental yield (units) | 5.25% | 4.81% |
| 1-year house growth | +1.8%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.5% | 1.4% |
| Population | 28,068 | 3 |
Bundoora vs Wirrate: what the numbers say
The median house price is $910K in Bundoora and $915K in Wirrate, so Bundoora is the cheaper entry point, with Wirrate houses about 1% dearer.
On cash flow, Bundoora leads: houses there return a gross rental yield of 3.44%, compared with 3.37% in Wirrate, a gap of 0.07 percentage points.
Rental vacancy is 1.4% in Wirrate and 1.5% in Bundoora, so landlords in Wirrate face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Bundoora is the bigger suburb, with a population of 28,068 against 3, roughly 9356 times the size of Wirrate; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Bundoora for rental income, Bundoora for a lower purchase price, Wirrate 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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