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Ararat vs Wodonga vs Preston — which is best for yield?

Same eight metrics, scored against the same benchmark, ranked against a $1.00Mbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Ararat

    VIC · 3377
    57Average
    Median
    $330k
    5y growth
    8.9%/yr
    BalancedStable entry · room to scale

  2. Wodonga

    VIC · 3689
    63Strong
    Median
    $485k
    5y growth
    7.9%/yr
    BalancedStable entry · room to scale

  3. Preston

    VIC · 3072
    55Average
    Median
    $985k
    5y growth
    7.0%/yr
    GrowthStable but fully priced

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight
Ararat
Wodonga
Preston
Capital growth (5y)
weight 22%
898.9%/yr
797.9%/yr
707.0%/yr
Rental yield
weight 13%
793.9%
603.0%
412.1%
Rental demand
weight 10%
402.4%
701.2%
701.2%
Population growth
weight 12%
787.8%
787.8%
787.8%
Income growth
weight 12%
5213.0%
8822.0%
8822.0%
Construction pipeline
weight 15%
0–
0–
0–
Affordability
weight 8%
6767% under cap
5252% under cap
22% under cap
Supply tightening
weight 8%
25+5.0% YoY
90-8.0% YoY
90-8.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

  1. Ararat

    3/8
    • Capital growth (5y)
    • Rental yield
    • Affordability

  2. Wodonga

    0/8

    No outright lead on any single dimension.

  3. Preston

    0/8

    No outright lead on any single dimension.

Why Ararat

Stable entry · room to scale

8.9%/yr capital growth, 3.9% gross yield.

Drivers
  • Capital growth8.9%/yr
  • Rental yield3.9%
  • Population growth+7.8% (5y)
  • Budget headroom67% under cap
Risks
  • No major construction project in this state

Construction ·Melbourne Airport Rail — Sunshine Hub176.5 kmApproved · 2033

Why Wodonga

Stable entry · room to scale

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

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

Construction ·North East Link — Bulleen243.4 kmConstruction · 2028

Why Preston

Stable but fully priced

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

Drivers
  • Supply tightening-8.0% YoY
  • Income growth+22.0% (5y)
  • Population growth+7.8% (5y)
  • Capital growth7.0%/yr
Risks
  • At top of budget (99% of cap)
  • Thin gross yield (2.1%)

Construction ·Metro Tunnel — Parkville Station6.4 kmRecently completed · 2025