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Victoria’s growth hotspot: Why Wendouree should be on investors’ radar
As one of Ballarat’s most in-demand growth suburbs in Victoria, Wendouree offers affordable living, strong rental demand, and top amenities with direct access to the city, according to SPI’s FAST 50 report.
Wendouree is among the top suburbs listed in Smart Property Investment’s 2026 FAST 50 report for savvy investors.
The Fast 50 report is an annual publication by Smart Property Investment designed to identify 50 Australian suburbs with strong growth potential over the next 12 months.
It combines expert insights from trusted property investors and real estate networks with detailed data analysis to highlight under-the-radar opportunities for investors.
Unlike traditional reports, the Fast 50 focuses on future potential rather than past performance, offering investors a clear starting point for their research and due diligence.
Located just minutes from Ballarat’s city centre, Wendouree is a well-established suburb experiencing steady growth and transformation.
The area appeals to families, first home buyers, and downsizers alike, offering a mix of affordable housing, leafy streets, and access to excellent lifestyle amenities.
The area is characterised by post-war housing, much of it built during the 1960s and 1970s, typically on 600m² blocks that offer strong potential for subdivision and redevelopment.
Wendouree is home to major retail destinations such as Stockland Wendouree, along with reputable schools, medical facilities, parks, and sporting hubs, ensuring a convenient and connected lifestyle for residents.
It also borders the exclusive Lake Wendouree precinct, where freestanding homes can command prices above $3 million, creating a clear contrast within the suburb.
The suburb benefits from strong transport links, including the Wendouree Train Station with direct services to Melbourne, as well as easy access to the Western Freeway, making it attractive to commuters and investors.
According to Pure Property Investment senior buyer’s agent Lena Lindley, the suburb maintains a low vacancy rate of just 1 per cent, underpinned by consistent rental demand.
“Wendouree offers a mix of affordability and opportunity, with large blocks, strong rental demand, and excellent amenities making it attractive to both families and investors,” Lindley said.
Wendouree’s property market has remained active, with the median price currently sitting at $430,000, supported by a median weekly rent of $380 and a healthy gross rental yield of 4.6 per cent.
The suburb recorded quarterly growth of 1.2 per cent and an average annual growth rate of 6.6 per cent over the past 12 months.
With its blend of established community infrastructure, affordability, and proximity to Ballarat’s thriving CBD, Wendouree continues to position itself as a sought-after destination for sustainable living and investment in regional Victoria.
Check all the suburbs in the Fast 50 report here.
