Gooramadda vs Warrandyte
Property investment comparison - Gooramadda, VIC 3685 vs Warrandyte, VIC 3113
Head-to-head across core investment metrics: Gooramadda wins 3, Warrandyte 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 | Gooramadda | Warrandyte |
|---|---|---|
| Median house price | $1.5M | $1.5M |
| Median unit price | $325K | - |
| Gross rental yield (houses) | 1.93% | 3.50% |
| Gross rental yield (units) | 5.86% | 3.73% |
| 1-year house growth | - | +8.5%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 0.3% | 0.6% |
| Population | 62 | 5,541 |
Gooramadda vs Warrandyte: what the numbers say
The median house price is $1.5M in Gooramadda and $1.5M in Warrandyte, so Gooramadda is the cheaper entry point.
On cash flow, Warrandyte leads: houses there return a gross rental yield of 3.50%, compared with 1.93% in Gooramadda, a gap of 1.57 percentage points.
Rental vacancy is 0.3% in Gooramadda and 0.6% in Warrandyte, so landlords in Gooramadda face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Warrandyte is the bigger suburb, with a population of 5,541 against 62, roughly 89 times the size of Gooramadda; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Warrandyte for rental income, Gooramadda for a lower purchase price, Gooramadda 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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