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Pelluebla vs Wendouree

Property investment comparison - Pelluebla, VIC 3727 vs Wendouree, VIC 3355

Head-to-head across core investment metrics: Pelluebla wins 1, Wendouree wins 2. 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.

MetricPellueblaWendouree
Median house price$535K$540K
Median unit price-$365K
Gross rental yield (houses)2.51%3.96%
Gross rental yield (units)-4.49%
1-year house growth-+18.4%
3-year house growth-+11.7%
Vacancy rate16.5%1.0%
Population2910,376

Pelluebla vs Wendouree: what the numbers say

The median house price is $535K in Pelluebla and $540K in Wendouree, so Pelluebla is the cheaper entry point, with Wendouree houses about 1% dearer.

On cash flow, Wendouree leads: houses there return a gross rental yield of 3.96%, compared with 2.51% in Pelluebla, a gap of 1.45 percentage points.

Rental vacancy is 1.0% in Wendouree and 16.5% in Pelluebla, so landlords in Wendouree face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Wendouree is the bigger suburb, with a population of 10,376 against 29, roughly 358 times the size of Pelluebla; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Wendouree for rental income, Pelluebla for a lower purchase price, Wendouree 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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