Sebastopol vs Ullswater
Property investment comparison - Sebastopol, VIC 3356 vs Ullswater, VIC 3318
Head-to-head across core investment metrics: Sebastopol wins 2, Ullswater 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 | Sebastopol | Ullswater |
|---|---|---|
| Median house price | $510K | $515K |
| Median unit price | $395K | - |
| Gross rental yield (houses) | 4.30% | 3.50% |
| Gross rental yield (units) | 4.98% | - |
| 1-year house growth | +19.1% | - |
| 3-year house growth | +11.0% | - |
| Vacancy rate | 0.8% | 0.5% |
| Population | 10,194 | 47 |
Sebastopol vs Ullswater: what the numbers say
The median house price is $510K in Sebastopol and $515K in Ullswater, so Sebastopol is the cheaper entry point, with Ullswater houses about 1% dearer.
On cash flow, Sebastopol leads: houses there return a gross rental yield of 4.30%, compared with 3.50% in Ullswater, a gap of 0.80 percentage points.
Rental vacancy is 0.5% in Ullswater and 0.8% in Sebastopol, so landlords in Ullswater face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Sebastopol is the bigger suburb, with a population of 10,194 against 47, roughly 217 times the size of Ullswater; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Sebastopol for rental income, Sebastopol for a lower purchase price, Ullswater 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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