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Newport vs Belgrave South — which is best for growth?

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. Newport

    VIC · 3015
    57Average
    Median
    $1.29M
    5y growth
    6.0%/yr
    GrowthStable entry point

  2. Belgrave South

    VIC · 3160
    59Average
    Median
    $1.09M
    5y growth
    10.4%/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
Newport
Belgrave South
Capital growth (5y)
weight 22%
606.0%/yr
10010.4%/yr
Rental yield
weight 13%
381.9%
432.1%
Rental demand
weight 10%
681.3%
651.4%
Population growth
weight 12%
787.8%
787.8%
Income growth
weight 12%
8421.0%
6416.0%
Construction pipeline
weight 15%
30$1.5bn
0–
Affordability
weight 8%
1414% under cap
2727% under cap
Supply tightening
weight 8%
85-7.0% YoY
75-5.0% YoY

Winner per dimension

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

  1. Newport

    4/8
    • Rental demand
    • Income growth
    • Construction pipeline
    • Supply tightening

  2. Belgrave South

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

Why Newport

Stable entry point

listings tightening 7.0% YoY, incomes +21.0% (5y).

Drivers
  • Supply tightening-7.0% YoY
  • Income growth+21.0% (5y)
  • Population growth+7.8% (5y)
  • Tight rentals1.3%
Risks
  • Thin gross yield (1.9%)

Construction ·West Gate Tunnel3.1 kmConstruction · 2025

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