Located in Victoria within the Greater Geelong local government area, Wandana Heights is a compact suburb (postcode 3216). The area has roughly 2,195 residents and an established family demographic, with a median age of 41. Households earn a median income of $133K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Wandana Heights has a median house price of $582,000, holding roughly steady year-on-year. The current median weekly rent is $500. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $2,000.
Public transport access includes 2 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,631 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 4.5% (moderate yield). Property prices sit below the state median ($582K/$850K), which can point to relative value. The price-to-income ratio of 4.4x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.