Waikiki vs Wellard
Property investment comparison - Waikiki, WA 6169 vs Wellard, WA 6170
Head-to-head across core investment metrics: Waikiki wins 0, Wellard wins 4. 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 | Waikiki | Wellard |
|---|---|---|
| Median house price | $840K | $840K |
| Median unit price | $620K | $585K |
| Gross rental yield (houses) | 4.10% | 4.54% |
| Gross rental yield (units) | - | - |
| 1-year house growth | +20.1%estimate | +20.4% |
| 3-year house growth | - | +75.6% |
| Vacancy rate | 2.1% | 2.0% |
| Population | 12,453 | 14,127 |
Waikiki vs Wellard: what the numbers say
Houses cost about the same in both suburbs: the median house price is $840K in Waikiki and $840K in Wellard.
For units, Waikiki sits at a median of $620K against $585K in Wellard, which makes Wellard the more affordable unit market and Waikiki the pricier one.
On cash flow, Wellard leads: houses there return a gross rental yield of 4.54%, compared with 4.10% in Waikiki, a gap of 0.44 percentage points.
Over the past year house prices moved +20.1% in Waikiki (an estimate) and +20.4% in Wellard, so recent momentum favours Wellard, although both suburbs recorded growth.
Rental vacancy is the same in both, at 2.1%.
Wellard is the bigger suburb, with a population of 14,127 against 12,453, larger than Waikiki; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Wellard for rental income, Wellard for recent price momentum. 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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