Best yield suburbs to invest in Melbourne under $900k

We analyse 9,375 suburbs using 8 investment-grade signals used by buyers agents — then recommend three picks for Melbourne under $900k.

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Best buys under $900k

Best overall pick for you
🥇Yield pick

Junction Village

3.5% yield in a tight rental market — 1.3% vacancy backs the cashflow.

Why it wins · Out-yields Wodonga (3.5% vs 3.0%) with comparable risk.

Stable entry · room to scaleVIC · 3977$480k median
69Strong · top 15%
Details
Drivers
  • Capital growth12.4%/yr
  • Supply tightening-6.0% YoY
  • Population growth+7.8% (5y)
  • Rental yield3.5%
Risks
  • No major construction project in this state

Closest construction ·Suburban Rail Loop East — Cheltenham27.5 kmConstruction · 2035

Frankston · scored against your filter
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🥈Growth

Sunshine

75Standout
VIC · $825k
Drivers
  • Infrastructure pipeline$9.1bn nearby
  • Supply tightening-6.0% YoY
  • Population growth+7.8% (5y)
  • Capital growth7.5%/yr
Risks
  • At top of budget (92% of cap)
  • Thin gross yield (2.1%)
Stable but fully priced
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🥉Balanced

Mambourin

63Strong
VIC · $574k
Drivers
  • Capital growth11.7%/yr
  • Supply tightening-6.0% YoY
  • Population growth+7.8% (5y)
  • Rental yield3.3%
Risks
  • No major construction project in this state
Stable entry point
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Compare Sunshine · Junction Village · Mambourin side-by-side under $900kCompare picks
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