Mallacoota vs Wonthaggi
Property investment comparison - Mallacoota, VIC 3892 vs Wonthaggi, VIC 3995
Head-to-head across core investment metrics: Mallacoota wins 3, Wonthaggi 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 | Mallacoota | Wonthaggi |
|---|---|---|
| Median house price | $540K | $550K |
| Median unit price | - | $400K |
| Gross rental yield (houses) | - | 4.50% |
| Gross rental yield (units) | - | 5.47% |
| 1-year house growth | +5.6%estimate | +1.4% |
| 3-year house growth | - | -0.5% |
| Vacancy rate | 0.4% | 0.8% |
| Population | 1,183 | 5,215 |
Mallacoota vs Wonthaggi: what the numbers say
The median house price is $540K in Mallacoota and $550K in Wonthaggi, so Mallacoota is the cheaper entry point, with Wonthaggi houses about 2% dearer.
Over the past year house prices moved +5.6% in Mallacoota (an estimate) and +1.4% in Wonthaggi, so recent momentum favours Mallacoota, although both suburbs recorded growth.
Rental vacancy is 0.4% in Mallacoota and 0.8% in Wonthaggi, so landlords in Mallacoota 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 1,183, roughly 4.4 times the size of Mallacoota; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Mallacoota for a lower purchase price, Mallacoota for recent price momentum, Mallacoota 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
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison