Question 1

Is Wandana Heights a nice place to live?

Accepted Answer

Wandana Heights is an elevated residential suburb on Geelong’s western fringe with quiet streets and leafy reserves. The neighbourhood is largely made up of freestanding brick and weatherboard homes on generous blocks, with pockets of newer infill and many properties enjoying outlooks over the surrounding plain. Local parks, playgrounds and walking trails shape daily life, while neighbourhood shops and community facilities meet everyday needs. Road connections and public transport links give access to Geelong and nearby coastal towns, so it works for people who commute as well as those after a relaxed suburban setting.

The community numbers 2,195 people, with a median age of 41 and a typical household income of $2,549 a week (roughly $132,548 a year). Families dominate the household mix, with couple families with children at 53.4%, and homes are predominantly owner-occupied at about 89.5% (10.5% rented). Recent upgrades to Drewan Park and the community hall, plus reserve and tennis-club works, have added playgrounds, paths, a lookout, barbecue facilities and improved amenities. Whether Wandana Heights suits you will come down to whether you value space, local open space and easy access to nearby centres.

Question 2

Is it expensive to live in Wandana Heights?

Accepted Answer

On the figures for Wandana Heights, renting a house at about $730 a week would take roughly 28.7% of a typical local household's weekly income as recorded at the most recent Census, a moderate share. Buying is a different picture: the median house price of $945,000 is about 7.1 times a typical local household's annual income at the last Census, which places purchasing well above what people locally earned at that time. Which option 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 Wandana Heights a good place to invest?

Accepted Answer

House values in Wandana Heights were marginally lower over the past 12 months, down 1.0%. Over the same period house rents rose a solid 7.4%, so the rent a house earns has been the stronger performer this year.

If rental income is your priority, that rent growth is the figure that matters; if capital growth is more important, the slight fall in house values is the relevant point. Whether that mix suits you will depend on your objectives and circumstances.

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	$945K	N/A
Change in value Past 12 months	-1.0%	N/A
Sold Past 3 months	16	N/A
Median days on market Past 12 months	33	N/A
Average rent Past 12 months	$730	N/A
Change in rent Past 12 months	7.4%	N/A

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