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ABS 2021 Census · Updated 21 May 2026
Wandana Heights is a coastal suburb in Victoria, Australia, with a population of approximately 2,195, making it a boutique locality. Located approximately 71 km from the Melbourne CBD, Wandana Heights is a coastal area in Victoria. The median household income is $132,548 per year.
Strong household incomes in Wandana Heights underpin solid property demand. Coastal lifestyle appeal adds a premium that supports long-term demand.
Official Australia Post postcode for Wandana Heights. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Wandana Heights on My School →Estimated 1 park and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Wandana Heights is a smaller community of 2,195 — about 30% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Median household income of $132,548/year runs 39% above the Victoria suburb median of $95,160, indicating strong purchasing power and the type of demographic profile that tends to sustain premium property prices through market cycles. Rent of $410/week (89% coverage of the $2,000/month median mortgage) leaves a gap of roughly $223/month that a typical investor bridges with negative gearing, depreciation and capital growth. Wandana Heights is 71 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
Coastal markets benefit from lifestyle appeal but require a buffer for higher insurance and occasional weather-driven vacancies. Local rents consume roughly 16% of household income — a useful sanity check on tenant affordability.
How Wandana Heights stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Wandana Heights sits above the state median; negative means below.
| Metric | Wandana Heights | VIC median | Δ vs state |
|---|---|---|---|
| Population | 2,195 | 7,416 | -70% |
| Median household income | $132,548/yr | $95,160/yr | +39% |
| Median rent (weekly) | $410 | $380 | +8% |
| Median mortgage (monthly) | $2,000 | $1,950 | +3% |
| Distance to CBD | 71 km | 32 km | +122% |
| Separate houses | 92% | 78% | +14pp |
Pre-inspection briefing for Wandana Heights — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 2,195 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Strong rental coverage: $410/week (~$1,777/month) covers 89% of the $2,000/month median mortgage repayment, so the shortfall sits at just $223/month. Investors targeting positive cash flow should shortlist this suburb.
With 92% houses in a 2,195-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Wandana Heights property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Wandana Heights are modest for 2026 — incomes 39% above the VIC median of $95,160 and a population of 2,195 suggest gains will lag headline metro markets. Rental coverage runs at ~89% of the typical mortgage ($1,777/month rent vs $2,000/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 56/100 places Wandana Heights in the mid tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
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Wandana Heights scores 56/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 2,195, median household income of $132,548/year and median weekly rent of $410. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Wandana Heights are an above-state-median household income of $132,548/year, a dwelling mix that is 92% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Wandana Heights has a usual resident population of approximately 2,195, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Wandana Heights sits 71 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
The most recent census recorded a median weekly rent of $410 in Wandana Heights, equating to approximately $21,320/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Wandana Heights is $2,000, or approximately $24,000/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $410 works out to $1,777/month, covering 89% of the median mortgage repayment of $2,000/month. That leaves a $223/month shortfall (around $2,676/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (2,195 residents), interest-rate sensitivity on the $2,000 median mortgage, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.