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Llowalong vs North Wonthaggi

Property investment comparison - Llowalong, VIC 3862 vs North Wonthaggi, VIC 3995

Head-to-head across core investment metrics: Llowalong wins 1, North Wonthaggi wins 2. 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.

MetricLlowalongNorth Wonthaggi
Median house price$605K$610K
Median unit price--
Gross rental yield (houses)4.15%4.49%
Gross rental yield (units)-5.02%
1-year house growth-+1.6%
3-year house growth--5.6%
Vacancy rate0.7%0.6%
Population423,475

Llowalong vs North Wonthaggi: what the numbers say

The median house price is $605K in Llowalong and $610K in North Wonthaggi, so Llowalong is the cheaper entry point, with North Wonthaggi houses about 1% dearer.

On cash flow, North Wonthaggi leads: houses there return a gross rental yield of 4.49%, compared with 4.15% in Llowalong, a gap of 0.34 percentage points.

Rental vacancy is 0.6% in North Wonthaggi and 0.7% in Llowalong, so landlords in North Wonthaggi face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

North Wonthaggi is the bigger suburb, with a population of 3,475 against 42, roughly 83 times the size of Llowalong; a larger suburb usually means a deeper pool of buyers and tenants.

In short: North Wonthaggi for rental income, Llowalong for a lower purchase price, North Wonthaggi 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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