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Geraldton vs Morphett Vale vs Hamilton — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $700kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Geraldton

    WA · 6530
    47Average
    Median
    $445k
    5y growth
    10.6%/yr
    GrowthThin market · ~3k residents

  2. Morphett Vale

    SA · 5162
    57Average
    Median
    $595k
    5y growth
    10.5%/yr
    GrowthStable entry point

  3. Hamilton

    VIC · 3300
    56Average
    Median
    $360k
    5y growth
    11.4%/yr
    GrowthStable entry · room to scale

Metric breakdown

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

Metric · weight
Geraldton
Morphett Vale
Hamilton
Capital growth (5y)
weight 22%
10010.6%/yr
10010.5%/yr
10011.4%/yr
Rental yield
weight 13%
512.6%
522.6%
683.4%
Rental demand
weight 10%
502.0%
701.2%
402.4%
Population growth
weight 12%
10012.6%
656.5%
787.8%
Income growth
weight 12%
6015.0%
6015.0%
5213.0%
Construction pipeline
weight 15%
0–
0–
0–
Affordability
weight 8%
3636% under cap
1515% under cap
4949% under cap
Supply tightening
weight 8%
40+2.0% 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. Geraldton

    1/8
    • Population growth

  2. Morphett Vale

    2/8
    • Rental demand
    • Supply tightening

  3. Hamilton

    2/8
    • Rental yield
    • Affordability

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 Morphett Vale

Stable entry point

10.5%/yr capital growth, tight 1.2% vacancy.

Drivers
  • Capital growth10.5%/yr
  • Tight rentals1.2%
  • Supply tightening-4.0% YoY
  • Population growth+6.5% (5y)
Risks
  • No major construction project in this state

Why Hamilton

Stable entry · room to scale

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