North Geelong vs Windermere
Property investment comparison - North Geelong, VIC 3215 vs Windermere, VIC 3352
Head-to-head across core investment metrics: North Geelong wins 2, Windermere 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 | North Geelong | Windermere |
|---|---|---|
| Median house price | $710K | $715K |
| Median unit price | $490K | - |
| Gross rental yield (houses) | 3.70% | 3.72% |
| Gross rental yield (units) | - | - |
| 1-year house growth | +12.3%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.1% | 1.6% |
| Population | 3,225 | 96 |
North Geelong vs Windermere: what the numbers say
The median house price is $710K in North Geelong and $715K in Windermere, so North Geelong is the cheaper entry point, with Windermere houses about 1% dearer.
Gross rental yield on houses is effectively level, at 3.70% in North Geelong and 3.72% in Windermere, so neither suburb has a cash flow edge on houses.
Rental vacancy is 1.1% in North Geelong and 1.6% in Windermere, so landlords in North Geelong face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
North Geelong is the bigger suburb, with a population of 3,225 against 96, roughly 34 times the size of Windermere; a larger suburb usually means a deeper pool of buyers and tenants.
In short: North Geelong for a lower purchase price, North Geelong 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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