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Burnie vs Morwell — which is best for growth?

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. Burnie

    TAS · 7320
    23Below trend
    Median
    $425k
    5y growth
    7.4%/yr
    BalancedThin market · ~0.7k residents

  2. Morwell

    VIC · 3840
    56Average
    Median
    $314k
    5y growth
    11.9%/yr
    GrowthStable entry point

Metric breakdown

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

Metric · weight
Burnie
Morwell
Capital growth (5y)
weight 22%
747.4%/yr
10011.9%/yr
Rental yield
weight 13%
592.9%
713.6%
Rental demand
weight 10%
402.4%
402.4%
Population growth
weight 12%
313.1%
787.8%
Income growth
weight 12%
4812.0%
5213.0%
Construction pipeline
weight 15%
0–
0–
Affordability
weight 8%
1515% under cap
3737% under cap
Supply tightening
weight 8%
500.0% YoY
25+5.0% YoY

Winner per dimension

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

  1. Burnie

    1/8
    • Supply tightening

  2. Morwell

    5/8
    • Capital growth (5y)
    • Rental yield
    • Population growth
    • Income growth
    • Affordability

Why Burnie

Thin market · ~0.7k residents

7.4%/yr capital growth, 2.9% gross yield.

Drivers
  • Capital growth7.4%/yr
Risks
  • Only 693 residents — illiquid, slow to sell
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus110.5 kmRecently completed · 2024

Why Morwell

Stable entry point

11.9%/yr capital growth, population +7.8% (5y).

Drivers
  • Capital growth11.9%/yr
  • Population growth+7.8% (5y)
  • Rental yield3.6%
Risks
  • No major construction project in this state

Construction ·Suburban Rail Loop East — Glen Waverley116.0 kmConstruction · 2035