Lake Wendouree at a glance
Median house
$795,000
Median unit
$512,500
Walk score
34
Car dependent
Population
2,878
Median age 53
The brief
What to know about Lake Wendouree.
The postcode for Lake Wendouree is 3350 (VIC).
The median house price in Lake Wendouree is $795,000.
Lake Wendouree (3350) sits in the Ballarat region of Victoria. The median house here is $795,000, in line with the Victoria median of around $850K.
Lake Wendouree has roughly 2,878 residents, with a retiree-heavy demographic. Households are mostly owner-occupied. Daily life is car-friendly: most residents drive to work, school and the shops.
Side by side
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Day to day
What it’s like to live here.
Lake Wendouree scores 34/100 on walkability, which makes it car-friendly with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 23°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 612mm. Data comes from the Bureau of Meteorology's Ballarat Aerodrome station, 12.8km away.
Schooling within or near the suburb covers 9 government primary, 1 government secondary, 6 Catholic, 2 independent.
Who lives here
Demographics.
The 2021 Census put Lake Wendouree's population at 2,878, with a median age of 53. That sits as a retiree-heavy demographic. Households are mostly owner-occupied (73% own, 25% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (65% family households, 32% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
2,878
Median age
53
Family households
65%
Lone person
32%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $795,000 on a typical sale, in line with the Victoria median. Units come in around $512,500, roughly 36% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $159,000. Prices are in line with the Victoria median, so the broader state lending settings apply.
Market
The price of a home here.
Median house price
$795,000
+0.0% over the past year. Median unit price $512,500.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$300/wk
Weekly rent (unit)
$321/wk
Owner occupied
73%
Renter occupied
25%
At a deeper level
$795,000
$512,500
2,878
Median age: 53
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For investors
Investment overview.
Gross rental yield on houses sits at 1.96% (median rent $300/wk against a $795,000 price tag). Units yield 3.26% gross, often the better cash-flow play for first-time investors. Renter share is modest (25%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20261.96%
Based on $795,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20263.26%
Based on $512,500 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202673%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
148
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
34
0
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Lake Wendouree.
Local schools for Lake Wendouree
View the catchment for each school to find out more.
Government School Catchment
Macarthur Street Primary School
Pleasant Street Primary School (Ballarat)
Ballarat North Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
612 mm
Hottest Month (avg max)
23.2°C
Coldest Month (avg min)
7.3°C
Monthly Rainfall (mm)
Weather data from BOM station Ballarat Aerodrome (13 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Lake Wendouree.
- What is the median house price in Lake Wendouree?
- The median house price in Lake Wendouree, VIC 3350 is $795,000. The median unit price is $512,500.
- What is the Lake Wendouree postcode?
- Lake Wendouree is in the 3350 postcode, in VIC, in the City of Ballarat region.
- Where is Lake Wendouree?
- Lake Wendouree is a regional suburb in VIC, postcode 3350, in the City of Ballarat region.
- What is the average rent in Lake Wendouree?
- The median weekly rent for houses is $300, for units it's $321.
- What schools are in Lake Wendouree?
- There are 20 schools serving Lake Wendouree on this page, including Macarthur Street Primary School, Pleasant Street Primary School (Ballarat), St Columba's School.
- How walkable is Lake Wendouree?
- Lake Wendouree has a Walk Score of 34 out of 100, car-dependent for most errands. transit score 0, bike score 100.
- What suburbs are near Lake Wendouree?
- Lake Wendouree is close to Soldiers Hill, Ballarat Central, Ballarat Roadside Delivery, Ballarat North, Bakery Hill.
- What is the population of Lake Wendouree?
- The population of Lake Wendouree is approximately 2,878 (2021 Census). The median age is 53.
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Side by side
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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