Herne Hill vs Wonyip
Property investment comparison - Herne Hill, VIC 3218 vs Wonyip, VIC 3962
Head-to-head across core investment metrics: Herne Hill wins 3, Wonyip 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.
| Metric | Herne Hill | Wonyip |
|---|---|---|
| Median house price | $800K | $805K |
| Median unit price | $400K | - |
| Gross rental yield (houses) | 3.57% | 2.61% |
| Gross rental yield (units) | 4.90% | - |
| 1-year house growth | +3.2% | - |
| 3-year house growth | +12.1% | - |
| Vacancy rate | 2.1% | 2.2% |
| Population | 3,507 | 39 |
Herne Hill vs Wonyip: what the numbers say
The median house price is $800K in Herne Hill and $805K in Wonyip, so Herne Hill is the cheaper entry point, with Wonyip houses about 1% dearer.
On cash flow, Herne Hill leads: houses there return a gross rental yield of 3.57%, compared with 2.61% in Wonyip, a gap of 0.96 percentage points.
Rental vacancy is 2.1% in Herne Hill and 2.2% in Wonyip, so landlords in Herne Hill face less competition for tenants.
Herne Hill is the bigger suburb, with a population of 3,507 against 39, roughly 90 times the size of Wonyip; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Herne Hill for rental income, Herne Hill for a lower purchase price, Herne 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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