Prairiewood vs Wakeley
Wakeley (median $1,360,000) is roughly 2% cheaper to buy into than Prairiewood ($1,390,000). Over the past year, Prairiewood (+13.8%) ran 4.3 percentage points ahead of Wakeley (+9.5%) on house-price growth.
Buying in Prairiewood or Wakeley?
Selling in Prairiewood? The free selling guide
Prairiewood and Wakeley side by side
| Measure | Prairiewood | Wakeley |
|---|---|---|
| Price and market | ||
| Median house | $1,390,000 | $1,360,000 |
| Median unit | $343,440 | $343,440 |
| House price change, 12 months | +13.8% | +9.5% |
| Renting | ||
| House rent | $750/wk | $750/wk |
| Unit rent | $565/wk | $565/wk |
| Owner occupied | 65.0% | 72.0% |
| Renter occupied | 33.0% | 24.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 958 | 955 |
| Lifestyle and people | ||
| Walk score | 30 | 30 |
| Transit score | 0 | 0 |
| Bike score | 100 | 100 |
| Population | 3,457 | 4,893 |
| Median age | 43 | 41 |
| Climate | ||
| Annual rainfall | 797 mm | 770 mm |
| Mean max, January | 29.6°C | 29.6°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
On school quality, the average ICSEA across schools serving Prairiewood (958) sits above Wakeley (955).
- For buyers
- Wakeley is the lower entry point at $1,360,000 median, 2% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Investors face a yield-versus-growth split: Wakeley delivers the better gross yield (2.87% vs 2.81%), but Prairiewood has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
- For families
- Prairiewood edges out on average school ICSEA (958 vs 955).
Prairiewood vs Wakeley: common questions
Is Prairiewood or Wakeley cheaper to buy in?
Wakeley has the lower median house price at $1,360,000, roughly 2% below Prairiewood ($1,390,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Prairiewood or Wakeley?
Over the past 12 months, Prairiewood grew +13.8% vs +9.5% in Wakeley, a gap of 4.3 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 Prairiewood or Wakeley have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Prairiewood scores 958 vs 955 in Wakeley. 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, Prairiewood or Wakeley?
Gross rental yield on houses is 2.87% in Wakeley vs 2.81% in Prairiewood. 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.
Keep comparing
The two suburbs
Compare Prairiewood with
Choosing between Prairiewood and Wakeley?
The free buying guide: budget, schemes, inspections and how not to overpay.