Garden Island vs Waverley
Property investment comparison - Garden Island, TAS 7112 vs Waverley, TAS 7250
Head-to-head across core investment metrics: Garden Island wins 3, Waverley 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 | Garden Island | Waverley |
|---|---|---|
| Median house price | $500K | $505K |
| Median unit price | $435K | $430K |
| Gross rental yield (houses) | 6.06% | 5.00% |
| Gross rental yield (units) | 6.38% | 5.66% |
| 1-year house growth | - | +17.9% |
| 3-year house growth | - | +36.6% |
| Vacancy rate | 8.1% | 0.7% |
| Population | 0 | 1,583 |
Garden Island vs Waverley: what the numbers say
The median house price is $500K in Garden Island and $505K in Waverley, so Garden Island is the cheaper entry point, with Waverley houses about 1% dearer.
For units, Garden Island sits at a median of $435K against $430K in Waverley, which makes Waverley the more affordable unit market and Garden Island the pricier one.
On cash flow, Garden Island leads: houses there return a gross rental yield of 6.06%, compared with 5.00% in Waverley, a gap of 1.06 percentage points.
Rental vacancy is 0.7% in Waverley and 8.1% in Garden Island, so landlords in Waverley face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
In short: Garden Island for rental income, Garden Island for a lower purchase price, Waverley 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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