Welby vs Renwick
Welby (median $929,500) is roughly 27% cheaper to buy into than Renwick ($1,277,500). Over the past year, Welby (+22.3%) ran 18.2 percentage points ahead of Renwick (+4.1%) on house-price growth.
Buying in Welby or Renwick?
Selling in Welby? The free selling guide
Welby and Renwick side by side
| Measure | Welby | Renwick |
|---|---|---|
| Price and market | ||
| Median house | $929,500 | $1,277,500 |
| Median unit | $343,440 | $343,440 |
| House price change, 12 months | +22.3% | +4.1% |
| Renting | ||
| House rent | $750/wk | $750/wk |
| Owner occupied | 68.0% | 82.0% |
| Renter occupied | 32.0% | 17.0% |
| Schools | ||
| Schools nearby | 14 | 15 |
| Average ICSEA | 1043 | 1043 |
| Lifestyle and people | ||
| Walk score | 16 | – |
| Transit score | 0 | – |
| Bike score | 0 | – |
| Population | 764 | 1,453 |
| Median age | 42 | 37 |
| Climate | ||
| Annual rainfall | 852 mm | 852 mm |
| Mean max, January | 25.9°C | 25.9°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
Renwick skews owner-occupied (82%), Welby runs more rental-dense (68% owner).
- For buyers
- Welby is the lower entry point at $929,500 median, 27% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Welby carries both higher gross yield (4.20% vs 3.05%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
- For families
- Renwick has a heavier family-household mix (86% vs 67%), which typically signals stronger demand for family-amenable infrastructure (parks, schools, supermarkets).
Welby vs Renwick: common questions
Is Welby or Renwick cheaper to buy in?
Welby has the lower median house price at $929,500, roughly 27% below Renwick ($1,277,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Welby or Renwick?
Over the past 12 months, Welby grew +22.3% vs +4.1% in Renwick, a gap of 18.2 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.
Which suburb has higher rental yield, Welby or Renwick?
Gross rental yield on houses is 4.20% in Welby vs 3.05% in Renwick. 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.
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