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Gisborne vs Wandong

Property investment comparison - Gisborne, VIC 3437 vs Wandong, VIC 3758

Head-to-head across core investment metrics: Gisborne wins 1, Wandong 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.

MetricGisborneWandong
Median house price$1M$1M
Median unit price$555K-
Gross rental yield (houses)-2.89%
Gross rental yield (units)4.74%4.92%
1-year house growth-0.2%estimate+5.3%
3-year house growth--10.6%
Vacancy rate1.6%4.1%
Population10,1421,477

Gisborne vs Wandong: what the numbers say

Houses cost about the same in both suburbs: the median house price is $1M in Gisborne and $1M in Wandong.

Over the past year house prices moved -0.2% in Gisborne (an estimate) and +5.3% in Wandong, so recent momentum favours Wandong, while Gisborne went backwards.

Rental vacancy is 1.6% in Gisborne and 4.1% in Wandong, so landlords in Gisborne face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Gisborne is the bigger suburb, with a population of 10,142 against 1,477, roughly 7 times the size of Wandong; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Wandong for recent price momentum, Gisborne for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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