Warrandyte vs Wheelers Hill
Property investment comparison - Warrandyte, VIC 3113 vs Wheelers Hill, VIC 3150
Head-to-head across core investment metrics: Warrandyte wins 3, Wheelers Hill 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 | Warrandyte | Wheelers Hill |
|---|---|---|
| Median house price | $1.5M | $1.5M |
| Median unit price | - | $1.0M |
| Gross rental yield (houses) | 3.50% | - |
| Gross rental yield (units) | 3.73% | 3.88% |
| 1-year house growth | +8.5%estimate | -1.1%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 0.6% | 1.6% |
| Population | 5,541 | 20,652 |
Warrandyte vs Wheelers Hill: what the numbers say
The median house price is $1.5M in Warrandyte and $1.5M in Wheelers Hill, so Warrandyte is the cheaper entry point, with Wheelers Hill houses about 1% dearer.
Over the past year house prices moved +8.5% in Warrandyte (an estimate) and -1.1% in Wheelers Hill (an estimate), so recent momentum favours Warrandyte, while Wheelers Hill went backwards.
Rental vacancy is 0.6% in Warrandyte and 1.6% in Wheelers Hill, so landlords in Warrandyte face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Wheelers Hill is the bigger suburb, with a population of 20,652 against 5,541, roughly 3.7 times the size of Warrandyte; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Warrandyte for a lower purchase price, Warrandyte for recent price momentum, Warrandyte 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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