Long Gully vs Wonthaggi
Property investment comparison - Long Gully, VIC 3550 vs Wonthaggi, VIC 3995
Head-to-head across core investment metrics: Long Gully wins 2, Wonthaggi wins 3. 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 | Long Gully | Wonthaggi |
|---|---|---|
| Median house price | $550K | $550K |
| Median unit price | $480K | $400K |
| Gross rental yield (houses) | - | 4.50% |
| Gross rental yield (units) | 4.70% | 5.47% |
| 1-year house growth | +13.2% | +1.4% |
| 3-year house growth | +36.2% | -0.5% |
| Vacancy rate | 1.1% | 0.8% |
| Population | 3,420 | 5,215 |
Long Gully vs Wonthaggi: what the numbers say
Houses cost about the same in both suburbs: the median house price is $550K in Long Gully and $550K in Wonthaggi.
For units, Long Gully sits at a median of $480K against $400K in Wonthaggi, which makes Wonthaggi the more affordable unit market and Long Gully the pricier one.
Over the past year house prices moved +13.2% in Long Gully and +1.4% in Wonthaggi, so recent momentum favours Long Gully, although both suburbs recorded growth.
Looking back three years, Long Gully houses are +36.2% and Wonthaggi houses -0.5%, so Long Gully has compounded faster than Wonthaggi over the longer window.
Rental vacancy is 0.8% in Wonthaggi and 1.1% in Long Gully, so landlords in Wonthaggi face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Wonthaggi is the bigger suburb, with a population of 5,215 against 3,420, larger than Long Gully; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Long Gully for recent price momentum, Wonthaggi 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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