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Terang vs Rainbow vs Penshurst — which is best for yield?

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. Terang

    VIC · 3264
    32Below trend
    Median
    $238k
    5y growth
    4.7%/yr
    YieldThin market · ~2k residents

  2. Rainbow

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

  3. Penshurst

    VIC · 3289
    29Below trend
    Median
    $265k
    5y growth
    9.9%/yr
    GrowthThin market · ~0.7k residents

Metric breakdown

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

Metric · weight
Terang
Rainbow
Penshurst
Capital growth (5y)
weight 22%
474.7%/yr
10025.7%/yr
999.9%/yr
Rental yield
weight 13%
994.9%
442.2%
693.4%
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%
2121% under cap
2222% under cap
1212% 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. Terang

    1/8
    • Rental yield

  2. Rainbow

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

  3. Penshurst

    0/8

    No outright lead on any single dimension.

Why Terang

Thin market · ~2k residents

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

Drivers
  • Rental yield4.9%
  • Population growth+7.8% (5y)
Risks
  • Only 2,254 residents — illiquid, slow to sell
  • No major construction project in this state

Construction ·Melbourne Airport Rail — Sunshine Hub176.5 kmApproved · 2033

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 Penshurst

Thin market · ~0.7k residents

9.9%/yr capital growth, population +7.8% (5y).

Drivers
  • Capital growth9.9%/yr
  • Population growth+7.8% (5y)
  • Rental yield3.4%
Risks
  • Only 677 residents — illiquid, slow to sell
  • No major construction project in this state

Construction ·Melbourne Airport Rail — Sunshine Hub224.0 kmApproved · 2033