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Morwell vs Noarlunga — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $600kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Morwell

    VIC · 3840
    57Average
    Median
    $314k
    5y growth
    11.9%/yr
    GrowthStable entry · room to scale

  2. Noarlunga

    SA · 5168
    62Strong
    Median
    $545k
    5y growth
    10.8%/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
Noarlunga
Capital growth (5y)
weight 22%
10011.9%/yr
10010.8%/yr
Rental yield
weight 13%
713.6%
884.4%
Rental demand
weight 10%
402.4%
701.2%
Population growth
weight 12%
787.8%
656.5%
Income growth
weight 12%
5213.0%
6015.0%
Construction pipeline
weight 15%
0–
0–
Affordability
weight 8%
4848% under cap
99% under cap
Supply tightening
weight 8%
25+5.0% YoY
70-4.0% YoY

Winner per dimension

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

  1. Morwell

    2/8
    • Population growth
    • Affordability

  2. Noarlunga

    4/8
    • Rental yield
    • Rental demand
    • Income growth
    • Supply tightening

Why Morwell

Stable entry · room to scale

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 Noarlunga

Stable but fully priced

10.8%/yr capital growth, 4.4% gross yield.

Drivers
  • Capital growth10.8%/yr
  • Rental yield4.4%
  • Tight rentals1.2%
  • Supply tightening-4.0% YoY
Risks
  • At top of budget (91% of cap)
  • No major construction project in this state