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Coburg vs Preston vs Frankston North — which is best for yield?

Same eight metrics, scored against the same benchmark, ranked against a $1.20Mbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Coburg

    VIC · 3058
    55Average
    Median
    $1.09M
    5y growth
    6.6%/yr
    GrowthStable but fully priced

  2. Preston

    VIC · 3072
    56Average
    Median
    $985k
    5y growth
    7.0%/yr
    GrowthGrowth-led, low cashflow

  3. Frankston North

    VIC · 3200
    57Average
    Median
    $591k
    5y growth
    6.9%/yr
    BalancedStable entry · room to scale

Metric breakdown

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

Metric · weight
Coburg
Preston
Frankston North
Capital growth (5y)
weight 22%
666.6%/yr
707.0%/yr
696.9%/yr
Rental yield
weight 13%
412.0%
412.1%
552.8%
Rental demand
weight 10%
701.2%
701.2%
681.3%
Population growth
weight 12%
787.8%
787.8%
787.8%
Income growth
weight 12%
8822.0%
8822.0%
6416.0%
Construction pipeline
weight 15%
0–
0–
0–
Affordability
weight 8%
99% under cap
1818% under cap
5151% under cap
Supply tightening
weight 8%
90-8.0% YoY
90-8.0% YoY
80-6.0% YoY

Winner per dimension

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

  1. Coburg

    0/8

    No outright lead on any single dimension.

  2. Preston

    1/8
    • Capital growth (5y)

  3. Frankston North

    2/8
    • Rental yield
    • Affordability

Why Coburg

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)
  • Tight rentals1.2%
Risks
  • At top of budget (91% of cap)
  • Thin gross yield (2.0%)

Construction ·Metro Tunnel — Parkville Station5.0 kmRecently completed · 2025

Why Preston

Growth-led, low cashflow

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
  • Thin gross yield (2.1%)
  • No major construction project in this state

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

Why Frankston North

Stable entry · room to scale

listings tightening 6.0% YoY, population +7.8% (5y).

Drivers
  • Supply tightening-6.0% YoY
  • Population growth+7.8% (5y)
  • Capital growth6.9%/yr
  • Tight rentals1.3%
Risks
  • No major construction project in this state

Construction ·Suburban Rail Loop East — Cheltenham19.7 kmConstruction · 2035