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Horsham vs Moe vs Kerang — which is best for growth?

Same eight metrics, scored against the same benchmark, ranked against a $400kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Horsham

    VIC · 3400
    40Below trend
    Median
    $306k
    5y growth
    2.6%/yr
    YieldLate-cycle hold

  2. Moe

    VIC · 3825
    53Average
    Median
    $339k
    5y growth
    10.1%/yr
    GrowthStable entry point

  3. Kerang

    VIC · 3579
    48Average
    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
Horsham
Moe
Kerang
Capital growth (5y)
weight 22%
262.6%/yr
10010.1%/yr
939.3%/yr
Rental yield
weight 13%
834.2%
613.1%
783.9%
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%
2424% under cap
1515% under cap
3434% 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. Horsham

    1/8
    • Rental yield

  2. Moe

    1/8
    • Capital growth (5y)

  3. Kerang

    1/8
    • Affordability

Why Horsham

Late-cycle hold

4.2% gross yield, population +7.8% (5y).

Drivers
  • Rental yield4.2%
  • Population growth+7.8% (5y)
Risks
  • Modest 5y growth (2.6%/yr)
  • No major construction project in this state

Construction ·Melbourne Airport Rail — Sunshine Hub262.8 kmApproved · 2033

Why Moe

Stable entry point

10.1%/yr capital growth, population +7.8% (5y).

Drivers
  • Capital growth10.1%/yr
  • Population growth+7.8% (5y)
  • Rental yield3.1%
Risks
  • No major construction project in this state

Construction ·Suburban Rail Loop East — Glen Waverley101.9 kmConstruction · 2035

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