Median priceⓘLast 12 months
1.00M
↑ +11.0% YoY
House sales lead the way in Lake Wendouree, with 55 sales at around $1M (up), taking about 42 days to sell (down from 48 days last year), with prices growing faster than most house markets in Victoria, with more than half being 3-bedroom.
House rentals follow, with 28 leases at $445 a week, renting out in about 16 days (down a lot from 26 days last year), among the country's biggest house rent drops, with more than half being 3-bedroom. Followed by 27 unit rentals at $425 a week. 23 unit sales at around $553.5K (one of the country's least in-demand unit markets).
Who lives hereAn above-average-income, mostly owner-occupied, retirement-age suburb — high-rise-heavy, with a strongly professional workforce.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
20% report Irish ancestry, but only 0.4% were born in Ireland — the gap is the Australian-born and diaspora Irish community, invisible in birthplace alone.
A predominantly Australian-born community.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Incomes, employment, and the occupation mix of the people who live here.
A typical household pulls in about 1.9× the typical individual — a multi-earner area.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
2 schools inside Lake Wendouree, plus the closest options around it. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
How settled or transient the community is — and where newcomers came from.
Headline price, rent, yield and time on market for Lake Wendouree — choose a property type and size below.
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Eight diagnostic views cutting the data a different way each time — Lake Wendouree in blue, peers in colour.
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Every market within reach of Lake Wendouree, ranked by distance — each compared against this suburb's Houses · Total segment so divergence reads at a glance.
VIC markets whose Houses · Total segment behaves most like Lake Wendouree's on the buy side — ranked by a like-for-like blend of price, yield, days on market, ownership cost and cycle phase.
Comparable sales markets to Lake Wendouree include Manifold Heights (VIC 3218), Newtown (VIC 3220), Gisborne (VIC 3437), Rippleside (VIC 3215), Ocean Grove (VIC 3226), Blairgowrie (VIC 3942), Trentham (VIC 3458) and Dromana (VIC 3936). Each link opens that suburb's full market report.
23 data-driven answers about Lake Wendouree's property market — every one computed from the metrics above.
The median house price in Lake Wendouree, VIC 3350 is $1M as of June 2026, based on 55 sales recorded over the past 12 months. Houses there have moved +11.0% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
The median unit price in Lake Wendouree, VIC 3350 is $554k as of June 2026, based on 23 sales over the past 12 months. Units have moved +7.7% year-on-year and currently trade at roughly 55% of the median house price.
The median weekly house rent in Lake Wendouree is $445 as of June 2026, drawn from 28 leases over the past 12 months. Units rent for around $425 per week. House rents have moved −3.3% year-on-year. Current vacancy pressure is shown in the supply section above.
Gross rental yield in Lake Wendouree is 2.40% for houses and 3.90% for units as of June 2026, compared with the VIC unit median of 5.12%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
As of June 2026, Lake Wendouree medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $577k | $898k | $1.65M | $1M |
| Units | $526k | $499k | $590k | — | $554k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
At the median Lake Wendouree unit ($554k purchase, $425/week rent), weekly mortgage repayments sit at roughly $612 — about $187 more per week than renting. That gap is the ownership premium. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.
Lake Wendouree's property market trends to June 2026: house prices rose +11.0% year-on-year and units +7.7%; weekly house rents moved −3.3%; homes now sell in a median 42 days — faster than a year ago by 6; sales supply sits at 7.2 months (saturated). Read together — price, rent, selling speed and supply — they show which way the Lake Wendouree market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
As of June 2026 in Lake Wendouree, house prices rose +11.0% over the year, gross rental yield is 2.40% against a VIC median of 3.84%, houses take a median 42 days to sell, sales supply is 7.2 months (saturated). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
Houses in Lake Wendouree sell in a median 42 days on market as of June 2026, with units clearing slightly slower at 80 days. Days on market have tightened by 6 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Lake Wendouree's sales market sits at 7.2 months of supply for houses as of June 2026 — classified as Saturated (extreme oversupply) against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 1.7 months of supply.
House prices in Lake Wendouree moved +11.0% over the 12 months to June 2026, while units moved +7.7%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
Lake Wendouree's house rental market sits at 1.7 months of supply as of June 2026 — classified as Balanced, with 28 houses leased over the past 12 months. Units sit at 0.4 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Lake Wendouree's house market is currently in the 'softer_firming' phase as of June 2026 — combining low sales velocity (bottom quartile nationally) with year-on-year tightening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
Lake Wendouree's median house price ($1M) is 29% above the VIC median ($773k) as of June 2026. On selling speed, houses clear in 42 days vs 29 days state median. On gross yield, Lake Wendouree sits at 2.40% vs 3.84% state median.
Lake Wendouree's most-similar nearby market is Manifold Heights (78.7 km away) with a median house price of $1.02M — about 2% pricier. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
The most-transacted segment in Lake Wendouree over the 12 months to June 2026 is 3 bed houses with 30 sales. 4 bed houses come second at 17 sales. The 'Most popular' panel above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
Lake Wendouree recorded 55 house sales and 23 unit sales over the 12 months to June 2026 — a combined 78 transactions. On the rental side, 28 houses and 27 units were leased. Segments with statistically thin samples are excluded from displayed figures.
Lake Wendouree, VIC 3350 is home to 2,878 residents (ABS Census 2021). The median resident age is 53, and the average household holds 2.2 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
The median household in Lake Wendouree earns $2k per week — roughly $102k a year (ABS Census 2021). Median personal income runs $1k/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
Lake Wendouree is mostly owner-occupied: about 74% of households are owner-occupiers and 25% rent (ABS Census 2021). Of owners, 51% own outright and 22% are paying off a mortgage.
Lake Wendouree has 58 schools within reach, 2 of them inside the suburb itself — including Pleasant Street Primary School (Ballarat), Ballarat High School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Lake Wendouree, VIC 3350 has a population of 2,878, a median age of 53, a median household income around $2k/week, 25% of households renting (ABS Census 2021). There are 58 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
This Lake Wendouree market data was last updated June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.
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