Question 1

Is Lake Wendouree a nice place to live?

Accepted Answer

Lake Wendouree is a lakeside suburb centred on its namesake lake and the Ballarat Botanical Gardens, where a waterfront walking and cycling track, rowing clubs and regular regattas shape daily life. Tree-lined streets and mature gardens give the area a strong heritage feel, with Victorian and Edwardian villas alongside some later infill housing. Sporting facilities, open parkland and opportunities for wildlife viewing sit close to Ballarat’s CBD and public transport, so everyday errands and recreation are within easy reach while the suburb retains a quieter, park-focused character.

Home to 2,878 people with a median age of 53, Lake Wendouree is a suburb of couples and older locals alongside families and professionals. Most homes are owner-occupied (74.4%) and the typical household income is $1,953 a week. Ongoing council works guided by the Lake Wendouree Master Plan include upgraded LED lighting around the Steve Moneghetti Track, planning for a replacement public toilet at St Patrick’s Point, and electrical work linked to the Ballarat Base Hospital precinct. If you value heritage homes, parks and lakeside recreation close to the city, Lake Wendouree may suit you.

Question 2

Is it expensive to live in Lake Wendouree?

Accepted Answer

On the figures for Lake Wendouree, a median house price of $747,500 is about 7.4 times a typical local household's annual income at the last Census, so buying sits well above local incomes. Renting a house at around $440 a week would use roughly 22.5% of a typical local household's weekly income at the last Census, a moderate share. For most people weighing their options, the rent share is the more relevant number, and whether that feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Lake Wendouree a good place to invest?

Accepted Answer

A striking split shows up in Lake Wendouree's latest 12 months: median house values jumped 41.9% while median unit values fell 9.8%. Over the same period house rents fell a modest 4.3%, so for someone weighing the suburb up as an investment the figures point to very strong house capital growth this year alongside a modest easing in the income those houses earn.

Which of those movements matters most depends on your goals. If capital growth is your focus the house price lift is the key number; if rental income is the priority the decline in house rents is the more relevant figure. Whether that balance suits you depends on your own circumstances and objectives.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$748K	N/A
Change in value Past 12 months	41.9%	-9.8%
Sold Past 3 months	24	1
Median days on market Past 12 months	51	103
Average rent Past 12 months	$440	N/A
Change in rent Past 12 months	-4.3%	N/A

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