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Belgrave South vs Ararat vs Box Hill — which is best for infrastructure?

Same eight metrics, scored against the same benchmark, ranked against a $1.50Mbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Belgrave South

    VIC · 3160
    59Average
    Median
    $1.09M
    5y growth
    10.4%/yr
    GrowthGrowth-led, low cashflow

  2. Ararat

    VIC · 3377
    58Average
    Median
    $330k
    5y growth
    8.9%/yr
    BalancedStable entry · room to scale

  3. Box Hill

    VIC · 3128
    61Strong
    Median
    $1.50M
    5y growth
    5.8%/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
Belgrave South
Ararat
Box Hill
Capital growth (5y)
weight 22%
10010.4%/yr
898.9%/yr
585.8%/yr
Rental yield
weight 13%
432.1%
793.9%
271.3%
Rental demand
weight 10%
651.4%
402.4%
651.4%
Population growth
weight 12%
787.8%
787.8%
787.8%
Income growth
weight 12%
6416.0%
5213.0%
6416.0%
Construction pipeline
weight 15%
0–
0–
100$5.0bn
Affordability
weight 8%
2727% under cap
7878% under cap
00% under cap
Supply tightening
weight 8%
75-5.0% YoY
25+5.0% YoY
75-5.0% YoY

Winner per dimension

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

  1. Belgrave South

    1/8
    • Capital growth (5y)

  2. Ararat

    2/8
    • Rental yield
    • Affordability

  3. Box Hill

    1/8
    • Construction pipeline

Why Belgrave South

Growth-led, low cashflow

10.4%/yr capital growth, population +7.8% (5y).

Drivers
  • Capital growth10.4%/yr
  • Population growth+7.8% (5y)
  • Supply tightening-5.0% YoY
  • Tight rentals1.4%
Risks
  • Thin gross yield (2.1%)
  • No major construction project in this state

Construction ·Suburban Rail Loop East — Glen Waverley18.0 kmConstruction · 2035

Why Ararat

Stable entry · room to scale

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

Drivers
  • Capital growth8.9%/yr
  • Rental yield3.9%
  • Budget headroom78% under cap
  • Population growth+7.8% (5y)
Risks
  • No major construction project in this state

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

Why Box Hill

Stable but fully priced

$5.0bn pipeline incl. Suburban Rail Loop East — Box Hill, population +7.8% (5y).

Drivers
  • Infrastructure pipeline$5.0bn nearby
  • Population growth+7.8% (5y)
  • Supply tightening-5.0% YoY
  • Tight rentals1.4%
Risks
  • At top of budget (100% of cap)
  • Thin gross yield (1.3%)

Construction ·Suburban Rail Loop East — Box Hill0.0 kmConstruction · 2035