Flora Hill vs Wangandary
Property investment comparison - Flora Hill, VIC 3550 vs Wangandary, VIC 3678
Head-to-head across core investment metrics: Flora Hill wins 1, Wangandary 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 | Flora Hill | Wangandary |
|---|---|---|
| Median house price | $600K | $600K |
| Median unit price | $450K | - |
| Gross rental yield (houses) | 4.25% | 6.63% |
| Gross rental yield (units) | 5.04% | - |
| 1-year house growth | +10.5% | - |
| 3-year house growth | +15.4% | - |
| Vacancy rate | 1.6% | 3.2% |
| Population | 3,989 | 217 |
Flora Hill vs Wangandary: what the numbers say
Houses cost about the same in both suburbs: the median house price is $600K in Flora Hill and $600K in Wangandary.
On cash flow, Wangandary leads: houses there return a gross rental yield of 6.63%, compared with 4.25% in Flora Hill, a gap of 2.38 percentage points.
Rental vacancy is 1.6% in Flora Hill and 3.2% in Wangandary, so landlords in Flora Hill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Flora Hill is the bigger suburb, with a population of 3,989 against 217, roughly 18 times the size of Wangandary; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Wangandary for rental income, Flora Hill 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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