Elingamite vs Waurn Ponds
Property investment comparison - Elingamite, VIC 3266 vs Waurn Ponds, VIC 3216
Head-to-head across core investment metrics: Elingamite wins 1, Waurn Ponds 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 | Elingamite | Waurn Ponds |
|---|---|---|
| Median house price | $810K | $810K |
| Median unit price | $795K | - |
| Gross rental yield (houses) | 2.28% | 3.80% |
| Gross rental yield (units) | 1.42% | - |
| 1-year house growth | - | +5.4% |
| 3-year house growth | - | -4.4% |
| Vacancy rate | 0.5% | 3.7% |
| Population | 57 | 4,956 |
Elingamite vs Waurn Ponds: what the numbers say
Houses cost about the same in both suburbs: the median house price is $810K in Elingamite and $810K in Waurn Ponds.
On cash flow, Waurn Ponds leads: houses there return a gross rental yield of 3.80%, compared with 2.28% in Elingamite, a gap of 1.52 percentage points.
Rental vacancy is 0.5% in Elingamite and 3.7% in Waurn Ponds, so landlords in Elingamite face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Waurn Ponds is the bigger suburb, with a population of 4,956 against 57, roughly 87 times the size of Elingamite; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Waurn Ponds for rental income, Elingamite 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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