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Paradise Beach vs Rainbow vs Corryong — 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. Paradise Beach

    VIC · 3851
    25Below trend
    Median
    $270k
    5y growth
    6.2%/yr
    BalancedThin market · ~0.2k residents

  2. Rainbow

    VIC · 3424
    28Below trend
    Median
    $235k
    5y growth
    25.7%/yr
    GrowthThin market · ~0.7k residents

  3. Corryong

    VIC · 3707
    24Below trend
    Median
    $285k
    5y growth
    3.8%/yr
    YieldThin market · ~1.4k residents

Metric breakdown

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

Metric · weight
Paradise Beach
Rainbow
Corryong
Capital growth (5y)
weight 22%
626.2%/yr
10025.7%/yr
383.8%/yr
Rental yield
weight 13%
743.7%
442.2%
733.6%
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%
1010% under cap
2222% under cap
55% 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. Paradise Beach

    1/8
    • Rental yield

  2. Rainbow

    2/8
    • Capital growth (5y)
    • Affordability

  3. Corryong

    0/8

    No outright lead on any single dimension.

Why Paradise Beach

Thin market · ~0.2k residents

population +7.8% (5y), 3.7% gross yield.

Drivers
  • Population growth+7.8% (5y)
  • Rental yield3.7%
  • Capital growth6.2%/yr
Risks
  • Only 172 residents — illiquid, slow to sell
  • At top of budget (90% of cap)

Construction ·Suburban Rail Loop East — Glen Waverley199.2 kmConstruction · 2035

Why Rainbow

Thin market · ~0.7k residents

25.7%/yr capital growth, population +7.8% (5y).

Drivers
  • Capital growth25.7%/yr
  • Population growth+7.8% (5y)
Risks
  • Only 672 residents — illiquid, slow to sell
  • Thin gross yield (2.2%)

Construction ·Melbourne Airport Rail — Sunshine Hub328.0 kmApproved · 2033

Why Corryong

Thin market · ~1.4k residents

population +7.8% (5y), 3.6% gross yield.

Drivers
  • Population growth+7.8% (5y)
  • Rental yield3.6%
Risks
  • Only 1,352 residents — illiquid, slow to sell
  • At top of budget (95% of cap)

Construction ·Suburban Rail Loop East — Box Hill305.8 kmConstruction · 2035