Manor Lakes vs Warrnambool
Property investment comparison - Manor Lakes, VIC 3024 vs Warrnambool, VIC 3280
Head-to-head across core investment metrics: Manor Lakes wins 0, Warrnambool wins 4. 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 | Manor Lakes | Warrnambool |
|---|---|---|
| Median house price | $655K | $655K |
| Median unit price | - | $470K |
| Gross rental yield (houses) | 3.76% | 4.87% |
| Gross rental yield (units) | 3.98% | 5.15% |
| 1-year house growth | +2.6%estimate | +10.9% |
| 3-year house growth | - | +5.9% |
| Vacancy rate | 3.4% | 0.9% |
| Population | 12,675 | 31,308 |
Manor Lakes vs Warrnambool: what the numbers say
Houses cost about the same in both suburbs: the median house price is $655K in Manor Lakes and $655K in Warrnambool.
On cash flow, Warrnambool leads: houses there return a gross rental yield of 4.87%, compared with 3.76% in Manor Lakes, a gap of 1.11 percentage points.
Over the past year house prices moved +2.6% in Manor Lakes (an estimate) and +10.9% in Warrnambool, so recent momentum favours Warrnambool, although both suburbs recorded growth.
Rental vacancy is 0.9% in Warrnambool and 3.4% in Manor Lakes, so landlords in Warrnambool face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Warrnambool is the bigger suburb, with a population of 31,308 against 12,675, roughly 2.5 times the size of Manor Lakes; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Warrnambool for rental income, Warrnambool for recent price momentum, Warrnambool 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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