Question 1

Is Wendouree a nice place to live?

Accepted Answer

Wendouree sits around Lake Wendouree and has a clearly lakeside character, with a tree-lined foreshore, the Ballarat Botanical Gardens and extensive walking and cycling paths. Housing ranges from Victorian-era cottages near the water to postwar and newer brick homes further out, so there’s a mix of character and practical family layouts. That combination of parkland, recreational amenity and established streets makes it attractive to families, downsizers and anyone who values outdoor life close to town.

About 10,376 people live in Wendouree and the median age is 42; owner-occupiers are the majority (55.7% owner-occupied versus 44.4% rented). Everyday conveniences include Wendouree railway station, local shops and community sporting fields, plus ready road connections into greater Ballarat. Significant projects are shaping the area too, from the station upgrade with a second platform and accessible overpass to an expansion at Mars Stadium and a new Wendouree Library and Learning Centre being progressed for Weeramar Park. Whether Wendouree suits you will depend on what you want from a suburb.

Question 2

Is it expensive to live in Wendouree?

Accepted Answer

On the figures, buying in Wendouree sits well above what a typical local household earned at the last Census. A median house price of $570,000 is about 11.1 times a typical local household's annual income at the last Census, and the median unit price of $310,000 is about 6.0 times that annual income; both are well above local incomes, with houses particularly high relative to the Census income.

Renting would also take a significant share of a typical local household's weekly income at the last Census: a house rent of $400 a week is about 40.4% of that weekly income (a large share), while a unit rent of $320 a week is about 32.3% (a sizeable share). Which measure matters most depends on whether you plan to rent or buy, and on your own 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 Wendouree a good place to invest?

Accepted Answer

Over the past 12 months Wendouree's house values climbed 17.8%, a strong rise, while unit values increased a solid 5.6%. Rents moved differently: unit rents rose 6.7% and house rents rose a more modest 2.6% over the same period.

Put simply, houses were the stronger performers on capital growth this year, while the unit side saw stronger rent growth relative to its prices. Which of those outcomes matters to you will depend on whether you prioritise capital growth or rental income and on your own 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	$570K	$310K
Change in value Past 12 months	17.8%	5.6%
Sold Past 3 months	59	11
Median days on market Past 12 months	18	28
Average rent Past 12 months	$400	$320
Change in rent Past 12 months	2.6%	6.7%

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