Leongatha vs Wangandary
Property investment comparison - Leongatha, VIC 3953 vs Wangandary, VIC 3678
Head-to-head across core investment metrics: Leongatha wins 1, Wangandary 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 | Leongatha | Wangandary |
|---|---|---|
| Median house price | $600K | $600K |
| Median unit price | $425K | - |
| Gross rental yield (houses) | 4.41% | 6.63% |
| Gross rental yield (units) | 5.23% | - |
| 1-year house growth | +4.5% | - |
| 3-year house growth | -1.3% | - |
| Vacancy rate | 0.5% | 3.2% |
| Population | 5,869 | 217 |
Leongatha vs Wangandary: what the numbers say
Houses cost about the same in both suburbs: the median house price is $600K in Leongatha and $600K in Wangandary.
On cash flow, Wangandary leads: houses there return a gross rental yield of 6.63%, compared with 4.41% in Leongatha, a gap of 2.22 percentage points.
Rental vacancy is 0.5% in Leongatha and 3.2% in Wangandary, so landlords in Leongatha face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Leongatha is the bigger suburb, with a population of 5,869 against 217, roughly 27 times the size of Wangandary; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Wangandary for rental income, Leongatha 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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