Bermagui vs Wallaga Lake.
Comparing two suburbs with median house prices of $875,000 and $730,000. Wallaga Lake edges out on more headline metrics in this comparison.
Wallaga Lake (median $730,000) is roughly 20% cheaper to buy into than Bermagui ($875,000). Over the past year, Wallaga Lake (-12.8%) ran 10.8 percentage points ahead of Bermagui (-23.6%) on house-price growth.
On school quality, the average ICSEA across schools serving Bermagui (988) sits above Wallaga Lake (965). Wallaga Lake skews owner-occupied (85%), Bermagui runs more rental-dense (75% owner).
For buyers
Wallaga Lake is the lower entry point at $730,000 median, 20% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Wallaga Lake carries both higher gross yield (3.94% vs 3.29%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
For families
Bermagui edges out on average school ICSEA (988 vs 965).
Common questions
Is Bermagui or Wallaga Lake cheaper to buy in?
Wallaga Lake has the lower median house price at $730,000, roughly 20% below Bermagui ($875,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Bermagui or Wallaga Lake?
Over the past 12 months, Wallaga Lake grew -12.8% vs -23.6% in Bermagui, a gap of 10.8 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Bermagui or Wallaga Lake have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Bermagui scores 988 vs 965 in Wallaga Lake. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Bermagui or Wallaga Lake?
Gross rental yield on houses is 3.94% in Wallaga Lake vs 3.29% in Bermagui. 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.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Bermagui against another suburb