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Ararat vs Bridgewater vs Kerang — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $500kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Ararat

    VIC · 3377
    54Average
    Median
    $330k
    5y growth
    8.9%/yr
    BalancedStable entry point

  2. Bridgewater

    TAS · 7030
    50Average
    Median
    $495k
    5y growth
    8.4%/yr
    GrowthStable but fully priced

  3. Kerang

    VIC · 3579
    49Average
    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
Ararat
Bridgewater
Kerang
Capital growth (5y)
weight 22%
898.9%/yr
848.4%/yr
939.3%/yr
Rental yield
weight 13%
793.9%
552.7%
783.9%
Rental demand
weight 10%
402.4%
681.3%
402.4%
Population growth
weight 12%
787.8%
313.1%
787.8%
Income growth
weight 12%
5213.0%
5213.0%
5213.0%
Construction pipeline
weight 15%
0–
16$0.8bn
0–
Affordability
weight 8%
3434% under cap
11% under cap
4747% under cap
Supply tightening
weight 8%
25+5.0% YoY
70-4.0% YoY
25+5.0% YoY

Winner per dimension

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

  1. Ararat

    1/8
    • Rental yield

  2. Bridgewater

    3/8
    • Rental demand
    • Construction pipeline
    • Supply tightening

  3. Kerang

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

Why Ararat

Stable entry point

8.9%/yr capital growth, 3.9% gross yield.

Drivers
  • Capital growth8.9%/yr
  • Rental yield3.9%
  • Population growth+7.8% (5y)
Risks
  • No major construction project in this state

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

Why Bridgewater

Stable but fully priced

8.4%/yr capital growth, listings tightening 4.0% YoY.

Drivers
  • Capital growth8.4%/yr
  • Supply tightening-4.0% YoY
  • Tight rentals1.3%
Risks
  • At top of budget (99% of cap)

Construction ·New Bridgewater Bridge0.0 kmConstruction · 2025

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