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North Wonthaggi vs Willow Grove

Property investment comparison - North Wonthaggi, VIC 3995 vs Willow Grove, VIC 3825

Head-to-head across core investment metrics: North Wonthaggi wins 3, Willow Grove 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.

MetricNorth WonthaggiWillow Grove
Median house price$610K$615K
Median unit price-$405K
Gross rental yield (houses)4.49%-
Gross rental yield (units)5.02%4.01%
1-year house growth+1.6%+11.6%estimate
3-year house growth-5.6%-
Vacancy rate0.6%2.7%
Population3,475654

North Wonthaggi vs Willow Grove: what the numbers say

The median house price is $610K in North Wonthaggi and $615K in Willow Grove, so North Wonthaggi is the cheaper entry point, with Willow Grove houses about 1% dearer.

Over the past year house prices moved +1.6% in North Wonthaggi and +11.6% in Willow Grove (an estimate), so recent momentum favours Willow Grove, although both suburbs recorded growth.

Rental vacancy is 0.6% in North Wonthaggi and 2.7% in Willow Grove, so landlords in North Wonthaggi face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

North Wonthaggi is the bigger suburb, with a population of 3,475 against 654, roughly 5 times the size of Willow Grove; a larger suburb usually means a deeper pool of buyers and tenants.

In short: North Wonthaggi for a lower purchase price, Willow Grove for recent price momentum, North Wonthaggi for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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