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Warrnambool vs Horsham — Regional Western Victoria Investment Comparison 2026

June 25, 2026

Warrnambool and Horsham are two of Victoria’s most searched western regional investment markets. Both offer entry prices below $500,000 and yields above 5%, making them attractive cash flow destinations for Melbourne investors.

Median Price Comparison

Metric Warrnambool Horsham
Median House Price $490,000 $350,000
Median Unit Price $320,000 $230,000
Gross House Yield 5.4% 6.2%
Gross Unit Yield 6.0% 7.1%
5-Year Growth 44% 32%
GeeVee Score 7.1/10 6.6/10

Which City Wins?

Warrnambool wins on capital growth (44% vs 32%), lifestyle and population diversity. Horsham wins on yield (6.2-7.1%) and entry price ($350,000 median). Warrnambool is the stronger balanced investment. Horsham is the strongest pure cash flow play.

Frequently Asked Questions

Is Warrnambool a good property investment?

Warrnambool’s 44% five-year growth, coastal lifestyle and Deakin University campus make it one of Victoria’s strongest regional investment markets outside Geelong and Ballarat.

Is Horsham good for rental yield?

Horsham offers 6.2-7.1% gross yields and entry prices from $350,000, making it one of Victoria’s highest-yielding regional markets for cash flow investors.

Access off-market investment opportunities in Warrnambool, Horsham and western Victoria at collings.com.au/portal.

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