Dalyston vs Wendouree

The median house price is $535K in Dalyston and $540K in Wendouree, so Dalyston is the cheaper entry point, with Wendouree houses about 1% dearer.

On cash flow, Dalyston leads: houses there return a gross rental yield of 4.96%, compared with 3.96% in Wendouree, a gap of 1.00 percentage points.

Over the past year house prices moved -0.7% in Dalyston and +18.4% in Wendouree, so recent momentum favours Wendouree, while Dalyston went backwards.

Looking back three years, Dalyston houses are +1.4% and Wendouree houses +11.7%, so Wendouree has compounded faster than Dalyston over the longer window.

Rental vacancy is 1.0% in Wendouree and 2.5% in Dalyston, so landlords in Wendouree face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Wendouree is the bigger suburb, with a population of 10,376 against 843, roughly 12 times the size of Dalyston; a larger suburb usually means a deeper pool of buyers and tenants.

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