Waterford vs Wendouree
Property investment comparison - Waterford, VIC 3862 vs Wendouree, VIC 3355
Head-to-head across core investment metrics: Waterford wins 4, Wendouree 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 | Waterford | Wendouree |
|---|---|---|
| Median house price | $535K | $540K |
| Median unit price | $360K | $365K |
| Gross rental yield (houses) | 4.92% | 3.96% |
| Gross rental yield (units) | 4.15% | 4.49% |
| 1-year house growth | - | +18.4% |
| 3-year house growth | - | +11.7% |
| Vacancy rate | 0.7% | 1.0% |
| Population | - | 10,376 |
Waterford vs Wendouree: what the numbers say
The median house price is $535K in Waterford and $540K in Wendouree, so Waterford is the cheaper entry point, with Wendouree houses about 1% dearer.
For units, Waterford sits at a median of $360K against $365K in Wendouree, which makes Waterford the more affordable unit market and Wendouree the pricier one.
On cash flow, Waterford leads: houses there return a gross rental yield of 4.92%, compared with 3.96% in Wendouree, a gap of 0.96 percentage points.
Rental vacancy is 0.7% in Waterford and 1.0% in Wendouree, so landlords in Waterford face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
In short: Waterford for rental income, Waterford for a lower purchase price, Waterford 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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