Wendouree sits in Ballarat's north-western residential belt, in postcode 3355. The reading is SEIFA decile 1 at IRSAD 874, in the 3rd state percentile within Victoria.
ABS 2021 IRSAD release. Score 874 (national mean = 1000).
Decile 1 at the 3rd state percentile is a clear lower-band reading, and is among the lower SEIFA bands in regional Victoria. Wendouree has a long-established affordability profile in Ballarat, with older detached stock, a meaningful public-housing legacy, and a tenant base that has historically supported reliable rental absorption at lower price points. PropertyRanker uses SEIFA as a primary signal for economic_strength, hazard_risk, and entry_point_risk. A decile 1 reading drags the score on those three criteria. What partially balances it for Wendouree is the wider Ballarat-cycle context. Regional Victoria has been on a longer growth wave than the SEIFA reading alone would suggest, with population growth, hospital and education employment, and broader infrastructure spending all supporting demand. The strategy match for 3355 is Yield or Regional. The Regional strategy's 7% gross-yield anchor is reachable on a narrower share of stock than the Yield anchor of 6%, but both are within reach on older detached housing in the postcode. The risk read is that the SEIFA signal is doing real work, the tenant-quality variance in 3355 is wider than in higher-decile Ballarat postcodes, and the realistic management cost is higher than it looks.
Wendouree's house market is recording strong price growth, with the Valuer-General Victoria reporting a median house price of $502,000 as at Q2 2025, up 14.1% year-on-year, while yourinvestmentpropertymag.com.au places the current median at $520,000 with 18.18% annual growth. propertyvalue.com.au records 303 house sales over the past 12 months and an average vendor discount of -3.7%, with homes selling in around 22 days on market. Stock on market has contracted sharply (-60.5% year-on-year per realestateinvestar.com.au), pointing to tightening supply conditions.
Anchor points pulled per refresh from publicly available suburb profiles. Approximate; not a moving average.
Stock on market fell 60.5% year-on-year (tightening supply), while days on market and vendor discounting remain stable, producing a net warming signal.
Sources: Wendouree VIC 3355 Property Market and Insights (2025-01-01); Wendouree VIC 3355 Suburb Profile & Property Report (2026-04-01); Wendouree House Prices & Property Trends (2025-01-01); Wendouree VIC 3355 Property Prices June Quarter 2025 (2025-09-01); Wendouree 3355 Suburb Stats: Rent, Prices, Schools & Planning (2026-09-10) · Refreshed 9 Oct 2026
PropertyRanker scores any Australian property against 12 criteria across three pillars: Growth, Cashflow, and Risk. SEIFA is a primary signal for economic strength and a supporting one for entry-price risk. It also informs the crime side of hazard risk, though physical overlays like flood, bushfire and coastal exposure, and recorded crime data where available, take priority there. The decile of 1 shown above gives a listing in Wendouree a softer starting line on economic strength, though often a firmer one on entry-price risk, since less advantaged postcodes usually carry lower entry prices.
On top of that, PropertyRanker chooses one of four strategies (Balanced, Growth, Yield, Regional) and applies a per-strategy yield anchor. The anchors are 3.5% for Growth, 5% for Balanced, 6% for Yield, and 7% for Regional. A postcode at this level tends to make the Yield (6% anchor) and Regional (7% anchor) strategies more reachable, because a lower entry price lifts the gross yield a listing can achieve, while a Growth result usually depends on a specific catalyst such as an infrastructure or renewal pipeline.
Read the scoring guide for the full criteria list and how the verdict thresholds work.
SEIFA is a postcode-level read. The fastest sanity check on any single decile reading is to compare it against the suburbs that surround it.
Wendouree's stock varies sharply by street and build vintage. SEIFA cannot tell you the difference between a street that has been turned over to owner-occupiers and one that retains a heavier rental-and-public-housing mix. Title condition on older stock, the actual proximity to schools and services, and the realistic rent-yield ratio against the suburb average all matter more in 3355 than the macro signal. Score the listing in PropertyRanker for a verdict that accounts for these.
A SEIFA IRSAD score of 874 (decile 1, 3rd state percentile) is a genuine signal of socioeconomic disadvantage, and PropertyRanker reflects that by applying it as a drag across the economic_strength, hazard_risk, and entry_point_risk criteria. What the score does not capture on its own is the wider Ballarat context: population growth, hospital and education employment, and infrastructure spending have all supported demand in the region beyond what the SEIFA reading alone would suggest. The data frames Wendouree as a higher-management, higher-variance proposition rather than a ruled-out one. Score a specific listing to see how those competing signals resolve at the property level.
The strategy alignment for Wendouree (3355) is High Yield or Regional, with gross-yield anchors of approximately 6 percent and 7 percent respectively. Older detached stock in the postcode has historically supported rental absorption at lower price points, making those yield thresholds reachable on a meaningful share of listings, though the Regional anchor of 7 percent applies to a narrower slice of stock than the 6 percent target. The Capital Growth strategy (anchored around 3.5 percent gross yield) is a weaker fit given the low SEIFA reading and the wider tenant-quality variance that comes with it. Run a specific listing through PropertyRanker to confirm which strategy threshold that property actually clears.
The primary risk signal is the SEIFA reading itself: decile 1 at the 3rd state percentile means the economic_strength, hazard_risk, and entry_point_risk scores all take a negative weighting, and that is not cosmetic. Tenant-quality variance in 3355 is wider than in higher-decile Ballarat postcodes, which means realistic property management costs (vacancy buffers, maintenance cycles, arrears allowance) are higher than a headline yield figure implies. Separately, the City of Ballarat has active flood modelling and planning scheme amendment work covering multiple waterways across the municipality, so checking the specific lot against the Ballarat Planning Scheme flood overlay is a recommended step before committing to any property in this LGA.
Wendouree has its own V/Line railway station on the Ararat line, with services connecting to Ballarat Station and onward to Melbourne, which provides genuine commuter access for tenants working in the Ballarat CBD or beyond. That connectivity is a tangible demand support that a raw SEIFA figure does not capture, and it is one reason the wider Ballarat-cycle context matters alongside the socioeconomic reading. PropertyRanker weighs these factors across its twelve scoring criteria, but a low SEIFA reading at decile 1 still exerts meaningful downward pressure on the overall score regardless of the transport access.
PropertyRanker applies twelve scoring criteria to each listing, with SEIFA used as a primary input for three of them: economic_strength, hazard_risk, and entry_point_risk. For Wendouree, the fixed SEIFA IRSAD reading of 874 (decile 1, national mean 1000) anchors those three criteria at the lower end of the scale. The remaining criteria incorporate listing-level data such as the asking price, estimated gross yield, and property attributes, so two properties in the same postcode can score differently depending on what is being offered and at what price point. Scoring a specific listing is the only way to see the live composite result for 3355.
Paste a real address. Get a defensible verdict across 12 criteria in around three minutes.
Score a property free