Back to results

Murtoa vs Charlton vs Numurkah — which is best for growth?

Same eight metrics, scored against the same benchmark, ranked against a $300kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Murtoa

    VIC · 3390
    30Below trend
    Median
    $244k
    5y growth
    15.4%/yr
    GrowthThin market · ~0.9k residents

  2. Charlton

    VIC · 3525
    30Below trend
    Median
    $275k
    5y growth
    13.3%/yr
    GrowthThin market · ~1.1k residents

  3. Numurkah

    VIC · 3636
    36Below trend
    Median
    $288k
    5y growth
    2.8%/yr
    YieldThin market · ~5k residents

Metric breakdown

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

Metric · weight
Murtoa
Charlton
Numurkah
Capital growth (5y)
weight 22%
10015.4%/yr
10013.3%/yr
282.8%/yr
Rental yield
weight 13%
763.8%
763.8%
763.8%
Rental demand
weight 10%
402.4%
402.4%
402.4%
Population growth
weight 12%
787.8%
787.8%
787.8%
Income growth
weight 12%
5213.0%
5213.0%
5213.0%
Construction pipeline
weight 15%
0–
0–
0–
Affordability
weight 8%
1919% under cap
88% under cap
44% under cap
Supply tightening
weight 8%
25+5.0% YoY
25+5.0% YoY
25+5.0% YoY

Winner per dimension

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

  1. Murtoa

    2/8
    • Rental yield
    • Affordability

  2. Charlton

    0/8

    No outright lead on any single dimension.

  3. Numurkah

    0/8

    No outright lead on any single dimension.

Why Murtoa

Thin market · ~0.9k residents

15.4%/yr capital growth, population +7.8% (5y).

Drivers
  • Capital growth15.4%/yr
  • Population growth+7.8% (5y)
  • Rental yield3.8%
Risks
  • Only 897 residents — illiquid, slow to sell
  • No major construction project in this state

Construction ·Melbourne Airport Rail — Sunshine Hub246.4 kmApproved · 2033

Why Charlton

Thin market · ~1.1k residents

13.3%/yr capital growth, population +7.8% (5y).

Drivers
  • Capital growth13.3%/yr
  • Population growth+7.8% (5y)
  • Rental yield3.8%
Risks
  • Only 1,095 residents — illiquid, slow to sell
  • At top of budget (92% of cap)

Construction ·Melbourne Airport Rail — Sunshine Hub214.0 kmApproved · 2033

Why Numurkah

Thin market · ~5k residents

population +7.8% (5y), 3.8% gross yield.

Drivers
  • Population growth+7.8% (5y)
  • Rental yield3.8%
Risks
  • Only 4,604 residents — illiquid, slow to sell
  • At top of budget (96% of cap)

Construction ·North East Link — Bulleen189.9 kmConstruction · 2028