Venus Bay vs Wurruk

The median house price is $490K in Venus Bay and $485K in Wurruk, so Wurruk is the cheaper entry point, with Venus Bay houses about 1% dearer.

For units, Venus Bay sits at a median of $495K against $250K in Wurruk, which makes Wurruk the more affordable unit market and Venus Bay the pricier one.

On cash flow, Wurruk leads: houses there return a gross rental yield of 4.80%, compared with 4.33% in Venus Bay, a gap of 0.47 percentage points.

Over the past year house prices moved +0.9% in Venus Bay and +12.1% in Wurruk (an estimate), so recent momentum favours Wurruk, although both suburbs recorded growth.

Rental vacancy is 1.1% in Venus Bay and 1.5% in Wurruk, so landlords in Venus Bay face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Wurruk is the bigger suburb, with a population of 1,177 against 904, larger than Venus Bay; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Wurruk for rental income, Wurruk for a lower purchase price, Wurruk for recent price momentum, Venus Bay for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.