Irrewillipe vs Venus Bay
Property investment comparison - Irrewillipe, VIC 3249 vs Venus Bay, VIC 3956
Head-to-head across core investment metrics: Irrewillipe wins 4, Venus Bay 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 | Irrewillipe | Venus Bay |
|---|---|---|
| Median house price | $495K | $490K |
| Median unit price | $470K | $495K |
| Gross rental yield (houses) | 4.72% | 4.33% |
| Gross rental yield (units) | 5.17% | 2.49% |
| 1-year house growth | - | +0.9% |
| 3-year house growth | - | -30.0% |
| Vacancy rate | 1.0% | 1.1% |
| Population | 100 | 904 |
Irrewillipe vs Venus Bay: what the numbers say
The median house price is $495K in Irrewillipe and $490K in Venus Bay, so Venus Bay is the cheaper entry point, with Irrewillipe houses about 1% dearer.
For units, Irrewillipe sits at a median of $470K against $495K in Venus Bay, which makes Irrewillipe the more affordable unit market and Venus Bay the pricier one.
On cash flow, Irrewillipe leads: houses there return a gross rental yield of 4.72%, compared with 4.33% in Venus Bay, a gap of 0.39 percentage points.
Rental vacancy is 1.0% in Irrewillipe and 1.1% in Venus Bay, so landlords in Irrewillipe face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Venus Bay is the bigger suburb, with a population of 904 against 100, roughly 9 times the size of Irrewillipe; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Irrewillipe for rental income, Venus Bay for a lower purchase price, Irrewillipe 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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