Programmatic ranking · 2026

Best VIC suburbs to invest in under $300K

28 suburbs match this filter today. Average 5-year capital growth across them is 8.3%/yr; average gross yield is 4.3%. The dominant signal right now is rental yield — Strong gross yields are doing most of the work here — typical for cashflow-focused filters. Top pick: Kerang (47/100). 9.3%/yr capital growth, 3.9% gross yield.

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

    Kerang

    9.3%/yr capital growth, 3.9% gross yield.

    Growth + yield · 9.3% · 3.9%
    47
    Balanced🟢 Under budget
    Drivers
    • Capital growth9.3%/yr
    • Rental yield3.9%
    • Population growth+7.8% (5y)
    Risks
    • Only 3,960 residents — illiquid, slow to sell
    • No major construction project in this state

    Closest construction ·Melbourne Airport Rail — Sunshine Hub241.3 kmApproved · 2033

    3579 · Swan HillCompare investment case
  2. #2

    Warracknabeal

    15.9%/yr capital growth, population +7.8% (5y).

    5y growth · 15.9%/yr
    39
    Growth🟢 Under budget
    Drivers
    • Capital growth15.9%/yr
    • Population growth+7.8% (5y)
    • Rental yield3.8%
    Risks
    • Only 2,359 residents — illiquid, slow to sell
    • No major construction project in this state

    Closest construction ·Melbourne Airport Rail — Sunshine Hub275.6 kmApproved · 2033

    3393 · HindmarshCompare investment case
  3. #3

    Sunnycliffs

    4.4% gross yield, population +7.8% (5y).

    Gross yield · 4.4%
    37
    Yield🟡 Near cap
    Drivers
    • Rental yield4.4%
    • Population growth+7.8% (5y)
    Risks
    • Only 0 residents — illiquid, slow to sell
    • At top of budget (96% of cap)

    Closest construction ·Melbourne Airport Rail — Sunshine Hub455.9 kmApproved · 2033

    3496 · MilduraCompare investment case
  4. #4

    Numurkah

    population +7.8% (5y), 3.8% gross yield.

    Gross yield · 3.8%
    36
    Yield🟡 Near cap
    Drivers
    • Population growth+7.8% (5y)
    • Rental yield3.8%
    Risks
    • Only 4,604 residents — illiquid, slow to sell
    • At top of budget (96% of cap)

    Closest construction ·North East Link — Bulleen189.9 kmConstruction · 2028

    3636 · MoiraCompare investment case
  5. #5

    Donald

    12.1%/yr capital growth, 3.9% gross yield.

    5y growth · 12.1%/yr
    33
    Growth🟢 Under budget
    Drivers
    • Capital growth12.1%/yr
    • Rental yield3.9%
    • Population growth+7.8% (5y)
    Risks
    • Only 1,472 residents — illiquid, slow to sell
    • No major construction project in this state

    Closest construction ·Melbourne Airport Rail — Sunshine Hub227.5 kmApproved · 2033

    3480 · YarriambiackCompare investment case
  6. #6

    Heywood

    9.1%/yr capital growth, population +7.8% (5y).

    5y growth · 9.1%/yr
    33
    Growth🟡 Near cap
    Drivers
    • Capital growth9.1%/yr
    • Population growth+7.8% (5y)
    • Rental yield3.4%
    Risks
    • Only 1,815 residents — illiquid, slow to sell
    • At top of budget (92% of cap)

    Closest construction ·Melbourne Airport Rail — Sunshine Hub284.4 kmApproved · 2033

    3304 · MoyneCompare investment case
  7. #7

    Hopetoun

    18.6%/yr capital growth, 5.0% gross yield.

    Growth + yield · 18.6% · 5.0%
    33
    Balanced🟢 Under budget
    Drivers
    • Capital growth18.6%/yr
    • Rental yield5.0%
    • Population growth+7.8% (5y)
    Risks
    • Only 694 residents — illiquid, slow to sell
    • No major construction project in this state

    Closest construction ·Melbourne Airport Rail — Sunshine Hub319.5 kmApproved · 2033

    3396 · YarriambiackCompare investment case
  8. #8

    Ouyen

    16.5%/yr capital growth, 4.0% gross yield.

    Growth + yield · 16.5% · 4.0%
    32
    Balanced🟢 Under budget
    Drivers
    • Capital growth16.5%/yr
    • Rental yield4.0%
    • Population growth+7.8% (5y)
    Risks
    • Only 1,170 residents — illiquid, slow to sell
    • No major construction project in this state

    Closest construction ·Melbourne Airport Rail — Sunshine Hub376.3 kmApproved · 2033

    3490 · HindmarshCompare investment case
  9. #9

    Sea Lake

    9.9%/yr capital growth, 4.5% gross yield.

    Growth + yield · 9.9% · 4.5%
    32
    Balanced🟢 Under budget
    Drivers
    • Capital growth9.9%/yr
    • Rental yield4.5%
    • Population growth+7.8% (5y)
    Risks
    • Only 619 residents — illiquid, slow to sell
    • No major construction project in this state

    Closest construction ·Melbourne Airport Rail — Sunshine Hub309.0 kmApproved · 2033

    3533 · Swan HillCompare investment case
  10. #10

    Terang

    4.9% gross yield, population +7.8% (5y).

    Gross yield · 4.9%
    32
    Yield🟢 Under budget
    Drivers
    • Rental yield4.9%
    • Population growth+7.8% (5y)
    Risks
    • Only 2,254 residents — illiquid, slow to sell
    • No major construction project in this state

    Closest construction ·Melbourne Airport Rail — Sunshine Hub176.5 kmApproved · 2033

    3264 · MoyneCompare investment case

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