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St Arnaud vs Lower Macdonald vs Kerang — 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. St Arnaud

    VIC · 3478
    30Below trend
    Median
    $200k
    5y growth
    2.7%/yr
    YieldThin market · ~2k residents

  2. Lower Macdonald

    NSW · 2775
    55Average
    Median
    $195k
    5y growth
    5.0%/yr
    YieldStable entry point

  3. Kerang

    VIC · 3579
    47Average
    Median
    $265k
    5y growth
    9.3%/yr
    BalancedThin market · ~4k residents

Metric breakdown

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

Metric · weight
St Arnaud
Lower Macdonald
Kerang
Capital growth (5y)
weight 22%
272.7%/yr
505.0%/yr
939.3%/yr
Rental yield
weight 13%
984.9%
1008.3%
783.9%
Rental demand
weight 10%
402.4%
681.3%
402.4%
Population growth
weight 12%
787.8%
656.5%
787.8%
Income growth
weight 12%
5213.0%
6416.0%
5213.0%
Construction pipeline
weight 15%
0–
0–
0–
Affordability
weight 8%
3333% under cap
3535% under cap
1212% under cap
Supply tightening
weight 8%
25+5.0% YoY
75-5.0% YoY
25+5.0% YoY

Winner per dimension

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

  1. St Arnaud

    0/8

    No outright lead on any single dimension.

  2. Lower Macdonald

    5/8
    • Rental yield
    • Rental demand
    • Income growth
    • Affordability
    • Supply tightening

  3. Kerang

    1/8
    • Capital growth (5y)

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 Lower Macdonald

Stable entry point

8.3% gross yield, listings tightening 5.0% YoY.

Drivers
  • Rental yield8.3%
  • Supply tightening-5.0% YoY
  • Tight rentals1.3%
  • Population growth+6.5% (5y)
Risks
  • No major construction project in this state

Construction ·Sydney Metro West — Parramatta50.2 kmConstruction · 2030

Why Kerang

Thin market · ~4k residents

9.3%/yr capital growth, 3.9% gross yield.

Drivers
  • Capital growth9.3%/yr
  • Rental yield3.9%
  • Population growth+7.8% (5y)
Risks
  • Only 3,960 residents — illiquid, slow to sell
  • No major construction project in this state

Construction ·Melbourne Airport Rail — Sunshine Hub241.3 kmApproved · 2033