Warragul vs Wombat Creek
Property investment comparison - Warragul, VIC 3820 vs Wombat Creek, VIC 3888
Head-to-head across core investment metrics: Warragul wins 1, Wombat Creek 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 | Warragul | Wombat Creek |
|---|---|---|
| Median house price | $695K | $695K |
| Median unit price | $450K | - |
| Gross rental yield (houses) | 4.50% | 3.69% |
| Gross rental yield (units) | 4.80% | - |
| 1-year house growth | +8.1% | - |
| 3-year house growth | +4.7% | - |
| Vacancy rate | 1.9% | 1.6% |
| Population | 19,856 | 26 |
Warragul vs Wombat Creek: what the numbers say
Houses cost about the same in both suburbs: the median house price is $695K in Warragul and $695K in Wombat Creek.
On cash flow, Warragul leads: houses there return a gross rental yield of 4.50%, compared with 3.69% in Wombat Creek, a gap of 0.81 percentage points.
Rental vacancy is 1.6% in Wombat Creek and 1.9% in Warragul, so landlords in Wombat Creek face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Warragul is the bigger suburb, with a population of 19,856 against 26, roughly 764 times the size of Wombat Creek; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Warragul for rental income, Wombat Creek 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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