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Morwell vs Wodonga — 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. Morwell

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

  2. Wodonga

    VIC · 3689
    60Strong
    Median
    $485k
    5y growth
    7.9%/yr
    BalancedStable but fully priced

Metric breakdown

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

Metric · weight
Morwell
Wodonga
Capital growth (5y)
weight 22%
10011.9%/yr
797.9%/yr
Rental yield
weight 13%
713.6%
603.0%
Rental demand
weight 10%
402.4%
701.2%
Population growth
weight 12%
787.8%
787.8%
Income growth
weight 12%
5213.0%
8822.0%
Construction pipeline
weight 15%
0–
0–
Affordability
weight 8%
3737% under cap
33% under cap
Supply tightening
weight 8%
25+5.0% YoY
90-8.0% YoY

Winner per dimension

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

  1. Morwell

    3/8
    • Capital growth (5y)
    • Rental yield
    • Affordability

  2. Wodonga

    3/8
    • Rental demand
    • Income growth
    • Supply tightening

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

Why Wodonga

Stable but fully priced

listings tightening 8.0% YoY, incomes +22.0% (5y).

Drivers
  • Supply tightening-8.0% YoY
  • Income growth+22.0% (5y)
  • Capital growth7.9%/yr
  • Population growth+7.8% (5y)
Risks
  • At top of budget (97% of cap)
  • No major construction project in this state

Construction ·North East Link — Bulleen243.4 kmConstruction · 2028