Programmatic ranking · 2026

Best VIC suburbs to invest in under $900K

30 suburbs match this filter today. Average 5-year capital growth across them is 9.9%/yr; average gross yield is 3.0%. The dominant signal right now is capital growth — Average 5-year capital growth in this filter is driving the ranking. Top pick: Sunshine (68/100). $9.1bn pipeline incl. Melbourne Airport Rail — Sunshine Hub, listings tightening 6.0% 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
Sunshine
$9.1bn pipeline incl. Melbourne Airport Rail — Sunshine Hub, listings tightening 6.0% YoY.
5y growth · 7.5%/yr
$9.1bn pipeline
68
Growth🟡 Near capNear rail
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%)
Nearby construction ·Melbourne Airport Rail — Sunshine Hub0.0 kmApproved · 2033
3020 · BrimbankCompare investment case
#2
Junction Village
12.4%/yr capital growth, listings tightening 6.0% YoY.
5y growth · 12.4%/yr
1.3% vacancy
65
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
#3
Mambourin
11.7%/yr capital growth, listings tightening 6.0% YoY.
5y growth · 11.7%/yr
1.4% vacancy
63
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
#4
Wodonga
listings tightening 8.0% YoY, incomes +22.0% (5y).
Growth + yield · 7.9% · 3.0%
1.2% vacancy
63
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
#5
Bonnie Brook
16.5%/yr capital growth, listings tightening 6.0% YoY.
5y growth · 16.5%/yr
1.4% vacancy
62
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
#6
Deanside
14.5%/yr capital growth, listings tightening 6.0% YoY.
5y growth · 14.5%/yr
1.4% vacancy
62
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
Morwell
11.9%/yr capital growth, population +7.8% (5y).
5y growth · 11.9%/yr
11.9%/yr 5y growth
58
Growth🟢 Under budget
Drivers
Capital growth11.9%/yr
Population growth+7.8% (5y)
Rental yield3.6%
Budget headroom65% under cap
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
#8
Stawell
10.8%/yr capital growth, population +7.8% (5y).
5y growth · 10.8%/yr
10.8%/yr 5y growth
58
Growth🟢 Under budget
Drivers
Capital growth10.8%/yr
Population growth+7.8% (5y)
Rental yield3.5%
Budget headroom65% under cap
Risks
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub198.9 kmApproved · 2033
3380 · Northern GrampiansCompare investment case
#9
Ararat
8.9%/yr capital growth, 3.9% gross yield.
Growth + yield · 8.9% · 3.9%
8.9%/yr 5y growth
57
Balanced🟢 Under budget
Drivers
Capital growth8.9%/yr
Rental yield3.9%
Population growth+7.8% (5y)
Budget headroom63% under cap
Risks
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub176.5 kmApproved · 2033
3377 · Northern GrampiansCompare investment case
#10
Churchill
13.3%/yr capital growth, population +7.8% (5y).
5y growth · 13.3%/yr
13.3%/yr 5y growth
57
Growth🟢 Under budget
Drivers
Capital growth13.3%/yr
Population growth+7.8% (5y)
Rental yield3.5%
Budget headroom62% under cap
Risks
Only 4,924 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Suburban Rail Loop East — Glen Waverley120.0 kmConstruction · 2035
3842 · Latrobe (Vic.)Compare investment case

Best VIC suburbs to invest in under $900K

Sunshine

Junction Village

Mambourin

Wodonga

Bonnie Brook

Deanside

Morwell

Stawell

Ararat

Churchill

Other budgets in VIC

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