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Geraldton vs Hamilton vs Shepparton — which is best for yield?

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. Geraldton

    WA · 6530
    46Average
    Median
    $445k
    5y growth
    10.6%/yr
    GrowthThin market · ~3k residents
  2. Hamilton

    VIC · 3300
    55Average
    Median
    $360k
    5y growth
    11.4%/yr
    GrowthStable entry point
  3. Shepparton

    VIC · 3630
    52Average
    Median
    $480k
    5y growth
    11.2%/yr
    GrowthStable but fully priced

Metric breakdown

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

Metric · weight
Geraldton
Hamilton
Shepparton
Capital growth (5y)
weight 22%
10010.6%/yr
10011.4%/yr
10011.2%/yr
Rental yield
weight 13%
512.6%
683.4%
592.9%
Rental demand
weight 10%
502.0%
402.4%
402.4%
Population growth
weight 12%
10012.6%
787.8%
787.8%
Income growth
weight 12%
6015.0%
5213.0%
5213.0%
Construction pipeline
weight 15%
0
0
0
Affordability
weight 8%
1111% under cap
2828% under cap
44% under cap
Supply tightening
weight 8%
40+2.0% 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. Geraldton

    4/8
    • Rental demand
    • Population growth
    • Income growth
    • Supply tightening
  2. Hamilton

    2/8
    • Rental yield
    • Affordability
  3. Shepparton

    0/8

    No outright lead on any single dimension.

Why Geraldton

Thin market · ~3k residents

10.6%/yr capital growth, population +12.6% (5y).

Drivers
  • Capital growth10.6%/yr
  • Population growth+12.6% (5y)
  • Income growth+15.0% (5y)
Risks
  • Only 3,246 residents — illiquid, slow to sell
  • No major construction project in this state

Why Hamilton

Stable entry point

11.4%/yr capital growth, population +7.8% (5y).

Drivers
  • Capital growth11.4%/yr
  • Population growth+7.8% (5y)
  • Rental yield3.4%
Risks
  • No major construction project in this state

Construction ·Melbourne Airport Rail — Sunshine Hub247.3 kmApproved · 2033

Why Shepparton

Stable but fully priced

11.2%/yr capital growth, population +7.8% (5y).

Drivers
  • Capital growth11.2%/yr
  • Population growth+7.8% (5y)
Risks
  • At top of budget (96% of cap)
  • No major construction project in this state

Construction ·North East Link — Bulleen156.9 kmConstruction · 2028