North Lake vs Wonnerup
Property investment comparison - North Lake, WA 6163 vs Wonnerup, WA 6280
Head-to-head across core investment metrics: North Lake wins 2, Wonnerup 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 | North Lake | Wonnerup |
|---|---|---|
| Median house price | $1.3M | $1.3M |
| Median unit price | $635K | $230K |
| Gross rental yield (houses) | 3.80% | 3.00% |
| Gross rental yield (units) | 5.39% | 7.59% |
| 1-year house growth | +21.1% | - |
| 3-year house growth | +57.2% | - |
| Vacancy rate | 0.3% | 0.8% |
| Population | 1,299 | 196 |
North Lake vs Wonnerup: what the numbers say
The median house price is $1.3M in North Lake and $1.3M in Wonnerup, so Wonnerup is the cheaper entry point, with North Lake houses about 1% dearer.
For units, North Lake sits at a median of $635K against $230K in Wonnerup, which makes Wonnerup the more affordable unit market and North Lake the pricier one.
On cash flow, North Lake leads: houses there return a gross rental yield of 3.80%, compared with 3.00% in Wonnerup, a gap of 0.80 percentage points.
Rental vacancy is 0.3% in North Lake and 0.8% in Wonnerup, so landlords in North Lake face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
North Lake is the bigger suburb, with a population of 1,299 against 196, roughly 7 times the size of Wonnerup; a larger suburb usually means a deeper pool of buyers and tenants.
In short: North Lake for rental income, Wonnerup for a lower purchase price, North Lake 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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