Caveat vs Wedderburn
Property investment comparison - Caveat, VIC 3660 vs Wedderburn, VIC 3518
Head-to-head across core investment metrics: Caveat wins 4, Wedderburn 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 | Caveat | Wedderburn |
|---|---|---|
| Median house price | $380K | $350K |
| Median unit price | $355K | $395K |
| Gross rental yield (houses) | 6.49% | 4.98% |
| Gross rental yield (units) | 5.50% | 2.25% |
| 1-year house growth | - | +23.1% |
| 3-year house growth | - | +16.7% |
| Vacancy rate | 1.0% | 3.3% |
| Population | 59 | 951 |
Caveat vs Wedderburn: what the numbers say
The median house price is $380K in Caveat and $350K in Wedderburn, so Wedderburn is the cheaper entry point, with Caveat houses about 9% dearer.
For units, Caveat sits at a median of $355K against $395K in Wedderburn, which makes Caveat the more affordable unit market and Wedderburn the pricier one.
On cash flow, Caveat leads: houses there return a gross rental yield of 6.49%, compared with 4.98% in Wedderburn, a gap of 1.51 percentage points.
Rental vacancy is 1.0% in Caveat and 3.3% in Wedderburn, so landlords in Caveat face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Wedderburn is the bigger suburb, with a population of 951 against 59, roughly 16 times the size of Caveat; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Caveat for rental income, Wedderburn for a lower purchase price, Caveat 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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