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Havelock vs Warragul

Property investment comparison - Havelock, VIC 3465 vs Warragul, VIC 3820

Head-to-head across core investment metrics: Havelock wins 1, Warragul wins 0. 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.

MetricHavelockWarragul
Median house price$695K$695K
Median unit price-$450K
Gross rental yield (houses)-4.50%
Gross rental yield (units)-4.80%
1-year house growth-+8.1%
3-year house growth-+4.7%
Vacancy rate0.1%1.9%
Population8319,856

Havelock vs Warragul: what the numbers say

Houses cost about the same in both suburbs: the median house price is $695K in Havelock and $695K in Warragul.

Rental vacancy is 0.1% in Havelock and 1.9% in Warragul, so landlords in Havelock face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Warragul is the bigger suburb, with a population of 19,856 against 83, roughly 239 times the size of Havelock; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Havelock 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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