Smokeytown vs Wendouree
Property investment comparison - Smokeytown, VIC 3364 vs Wendouree, VIC 3355
Head-to-head across core investment metrics: Smokeytown 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.
| Metric | Smokeytown | Wendouree |
|---|---|---|
| Median house price | $545K | $540K |
| Median unit price | - | $365K |
| Gross rental yield (houses) | 5.42% | 3.96% |
| Gross rental yield (units) | - | 4.49% |
| 1-year house growth | - | +18.4% |
| 3-year house growth | - | +11.7% |
| Vacancy rate | 1.6% | 1.0% |
| Population | 32 | 10,376 |
Smokeytown vs Wendouree: what the numbers say
The median house price is $545K in Smokeytown and $540K in Wendouree, so Wendouree is the cheaper entry point, with Smokeytown houses about 1% dearer.
On cash flow, Smokeytown leads: houses there return a gross rental yield of 5.42%, compared with 3.96% in Wendouree, a gap of 1.46 percentage points.
Rental vacancy is 1.0% in Wendouree and 1.6% in Smokeytown, 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 32, roughly 324 times the size of Smokeytown; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Smokeytown for rental income, Wendouree 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.
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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