Programmatic ranking · 2026

Best VIC suburbs to invest in under $1.2M

30 suburbs match this filter today. Average 5-year capital growth across them is 8.8%/yr; average gross yield is 2.8%. The dominant signal right now is capital growth — Average 5-year capital growth in this filter is driving the ranking. Top pick: Footscray (70/100). $5.2bn pipeline incl. West Gate Tunnel, listings tightening 7.0% YoY.

Last updated: May 2026.

Score legend · 0–40 weak · 40–60 moderate · 60–75 strong · 75+ exceptional. Scores blend growth, yield, demand and infrastructure signals against your strategy. Full methodology →

  1. #1

    Footscray

    $5.2bn pipeline incl. West Gate Tunnel, listings tightening 7.0% YoY.

    5y growth · 7.1%/yr
    70
    Growth🟢 Under budgetNear pipeline
    Drivers
    • Infrastructure pipeline$5.2bn nearby
    • Supply tightening-7.0% YoY
    • Income growth+21.0% (5y)
    • Population growth+7.8% (5y)
    Risks
    • Thin gross yield (2.0%)

    Nearby construction ·New Footscray Hospital0.0 kmConstruction · 2026

    3011 · MaribyrnongCompare investment case
  2. #2

    Sunshine

    $9.1bn pipeline incl. Melbourne Airport Rail — Sunshine Hub, listings tightening 6.0% YoY.

    5y growth · 7.5%/yr
    69
    Growth🟢 Under budgetNear rail
    Drivers
    • Infrastructure pipeline$9.1bn nearby
    • Supply tightening-6.0% YoY
    • Population growth+7.8% (5y)
    • Capital growth7.5%/yr
    Risks
    • Thin gross yield (2.1%)

    Nearby construction ·Melbourne Airport Rail — Sunshine Hub0.0 kmApproved · 2033

    3020 · BrimbankCompare investment case
  3. #3

    Yarraville

    $10.4bn pipeline incl. West Gate Tunnel, listings tightening 7.0% YoY.

    5y growth · 6.3%/yr
    67
    Growth🟡 Near capNear pipeline
    Drivers
    • Infrastructure pipeline$10.4bn nearby
    • Supply tightening-7.0% YoY
    • Income growth+21.0% (5y)
    • Population growth+7.8% (5y)
    Risks
    • At top of budget (100% of cap)
    • Thin gross yield (2.0%)

    Nearby construction ·West Gate Tunnel0.0 kmConstruction · 2025

    3013 · MaribyrnongCompare investment case
  4. #4

    Junction Village

    12.4%/yr capital growth, listings tightening 6.0% YoY.

    5y growth · 12.4%/yr
    66
    Growth🟢 Under budget
    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

    3977 · FrankstonCompare investment case
  5. #5

    Mambourin

    11.7%/yr capital growth, listings tightening 6.0% YoY.

    5y growth · 11.7%/yr
    65
    Growth🟢 Under budget
    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

    Closest construction ·Melbourne Airport Rail — Sunshine Hub23.7 kmApproved · 2033

    3024 · MeltonCompare investment case
  6. #6

    Deanside

    14.5%/yr capital growth, listings tightening 6.0% YoY.

    5y growth · 14.5%/yr
    64
    Growth🟢 Under budget
    Drivers
    • Capital growth14.5%/yr
    • Supply tightening-6.0% YoY
    • Population growth+7.8% (5y)
    • Tight rentals1.4%
    Risks
    • No major construction project in this state

    Closest construction ·Melbourne Airport Rail — Sunshine Hub16.5 kmApproved · 2033

    3336 · MeltonCompare investment case
  7. #7

    Wodonga

    listings tightening 8.0% YoY, incomes +22.0% (5y).

    Growth + yield · 7.9% · 3.0%
    64
    Balanced🟢 Under budget
    Drivers
    • Supply tightening-8.0% YoY
    • Income growth+22.0% (5y)
    • Capital growth7.9%/yr
    • Population growth+7.8% (5y)
    Risks
    • No major construction project in this state

    Closest construction ·North East Link — Bulleen243.4 kmConstruction · 2028

    3689 · DarebinCompare investment case
  8. #8

    Bonnie Brook

    16.5%/yr capital growth, listings tightening 6.0% YoY.

    5y growth · 16.5%/yr
    63
    Growth🟢 Under budget
    Drivers
    • Capital growth16.5%/yr
    • Supply tightening-6.0% YoY
    • Population growth+7.8% (5y)
    • Tight rentals1.4%
    Risks
    • No major construction project in this state

    Closest construction ·Melbourne Airport Rail — Sunshine Hub18.4 kmApproved · 2033

    3335 · MeltonCompare investment case
  9. #9

    Morwell

    11.9%/yr capital growth, population +7.8% (5y).

    5y growth · 11.9%/yr
    59
    Growth🟢 Under budget
    Drivers
    • Capital growth11.9%/yr
    • Population growth+7.8% (5y)
    • Budget headroom74% under cap
    • Rental yield3.6%
    Risks
    • No major construction project in this state

    Closest construction ·Suburban Rail Loop East — Glen Waverley116.0 kmConstruction · 2035

    3840 · Latrobe (Vic.)Compare investment case
  10. #10

    Spotswood

    $4.6bn pipeline incl. West Gate Tunnel, listings tightening 7.0% YoY.

    Growth + yield · 2.6% · 2.2%
    59
    Balanced🟡 Near capNear pipeline
    Drivers
    • Infrastructure pipeline$4.6bn nearby
    • Supply tightening-7.0% YoY
    • Income growth+21.0% (5y)
    • Population growth+7.8% (5y)
    Risks
    • At top of budget (90% of cap)
    • Thin gross yield (2.2%)

    Nearby construction ·West Gate Tunnel1.7 kmConstruction · 2025

    3015 · Hobsons BayCompare investment case

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