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Sunshine vs Morwell vs Preston — which is best for infrastructure?

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. Sunshine

    VIC · 3020
    69Strong
    Median
    $825k
    5y growth
    7.5%/yr
    GrowthStable entry point

  2. Morwell

    VIC · 3840
    59Average
    Median
    $314k
    5y growth
    11.9%/yr
    GrowthStable entry · room to scale

  3. Preston

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

Metric breakdown

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

Metric · weight
Sunshine
Morwell
Preston
Capital growth (5y)
weight 22%
757.5%/yr
10011.9%/yr
707.0%/yr
Rental yield
weight 13%
432.1%
713.6%
412.1%
Rental demand
weight 10%
651.4%
402.4%
701.2%
Population growth
weight 12%
787.8%
787.8%
787.8%
Income growth
weight 12%
6416.0%
5213.0%
8822.0%
Construction pipeline
weight 15%
100$9.1bn
0–
0–
Affordability
weight 8%
3131% under cap
7474% under cap
1818% under cap
Supply tightening
weight 8%
80-6.0% YoY
25+5.0% YoY
90-8.0% YoY

Winner per dimension

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

  1. Sunshine

    1/8
    • Construction pipeline

  2. Morwell

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

  3. Preston

    3/8
    • Rental demand
    • Income growth
    • Supply tightening

Why Sunshine

Stable entry point

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

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%)

Construction ·Melbourne Airport Rail — Sunshine Hub0.0 kmApproved · 2033

Why Morwell

Stable entry · room to scale

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

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

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

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