Dalyston vs Wool Wool
Property investment comparison - Dalyston, VIC 3992 vs Wool Wool, VIC 3249
Head-to-head across core investment metrics: Dalyston wins 1, Wool Wool wins 2. 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 | Dalyston | Wool Wool |
|---|---|---|
| Median house price | $535K | $525K |
| Median unit price | - | - |
| Gross rental yield (houses) | 4.96% | 4.01% |
| Gross rental yield (units) | 3.42% | - |
| 1-year house growth | -0.7% | - |
| 3-year house growth | +1.4% | - |
| Vacancy rate | 2.5% | 1.0% |
| Population | 843 | 55 |
Dalyston vs Wool Wool: what the numbers say
The median house price is $535K in Dalyston and $525K in Wool Wool, so Wool Wool is the cheaper entry point, with Dalyston houses about 2% dearer.
On cash flow, Dalyston leads: houses there return a gross rental yield of 4.96%, compared with 4.01% in Wool Wool, a gap of 0.95 percentage points.
Rental vacancy is 1.0% in Wool Wool and 2.5% in Dalyston, so landlords in Wool Wool face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Dalyston is the bigger suburb, with a population of 843 against 55, roughly 15 times the size of Wool Wool; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Dalyston for rental income, Wool Wool for a lower purchase price, Wool Wool 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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