Bakewell vs Woodroffe

Woodroffe (median $427,000) is roughly 12% cheaper to buy into than Bakewell ($484,500).

Buying in Bakewell or Woodroffe?

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Bakewell and Woodroffe side by side

MeasureBakewellWoodroffe
Price and market
Median house$484,500$427,000
Median unit$257,000$308,880
Renting
House rent$420/wk$370/wk
Unit rent$380/wk$360/wk
Owner occupied52.0%56.0%
Renter occupied46.0%41.0%
Schools
Schools nearby1616
Average ICSEA943943
Lifestyle and people
Walk score1618
Transit score00
Bike score10090
Population3,0913,175
Median age3233
Climate
Annual rainfall1773 mm1773 mm
Mean max, January32.3°C32.3°C

Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.

Which suits whom

Woodroffe scores higher on walkability (16/100 vs 18/100 ), useful if you're optimising for a car-light household.

For buyers
Woodroffe is the lower entry point at $427,000 median, 12% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Bakewell offers the higher gross rental yield (4.51% vs 4.51%), favouring cash-flow investors.
For families
School and household data is too similar between the two to call a winner on family fit. Check the individual profiles for street-level school catchments.

Bakewell vs Woodroffe: common questions

Is Bakewell or Woodroffe cheaper to buy in?

Woodroffe has the lower median house price at $427,000, roughly 12% below Bakewell ($484,500). The gap on units is usually similar but worth checking on the full suburb profiles.

Which is more walkable, Bakewell or Woodroffe?

Woodroffe scores 18/100 on walkability vs 16/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.

Which suburb has higher rental yield, Bakewell or Woodroffe?

Gross rental yield on houses is 4.51% in Bakewell vs 4.51% in Woodroffe. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.