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Ouyen vs St Arnaud 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. Ouyen

    VIC · 3490
    32Below trend
    Median
    $213k
    5y growth
    16.5%/yr
    BalancedThin market · ~1.2k residents

  2. St Arnaud

    VIC · 3478
    30Below trend
    Median
    $200k
    5y growth
    2.7%/yr
    YieldThin market · ~2k 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
Ouyen
St Arnaud
Numurkah
Capital growth (5y)
weight 22%
10016.5%/yr
272.7%/yr
282.8%/yr
Rental yield
weight 13%
814.0%
984.9%
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%
2929% under cap
3333% 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. Ouyen

    1/8
    • Capital growth (5y)

  2. St Arnaud

    2/8
    • Rental yield
    • Affordability

  3. Numurkah

    0/8

    No outright lead on any single dimension.

Why Ouyen

Thin market · ~1.2k residents

16.5%/yr capital growth, 4.0% gross yield.

Drivers
  • Capital growth16.5%/yr
  • Rental yield4.0%
  • Population growth+7.8% (5y)
Risks
  • Only 1,170 residents — illiquid, slow to sell
  • No major construction project in this state

Construction ·Melbourne Airport Rail — Sunshine Hub376.3 kmApproved · 2033

Why St Arnaud

Thin market · ~2k residents

4.9% gross yield, population +7.8% (5y).

Drivers
  • Rental yield4.9%
  • Population growth+7.8% (5y)
Risks
  • Only 2,318 residents — illiquid, slow to sell
  • Modest 5y growth (2.7%/yr)

Construction ·Melbourne Airport Rail — Sunshine Hub190.5 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