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Noarlunga vs Reynella vs Morwell — which is best for yield?

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. Noarlunga

    SA · 5168
    63Strong
    Median
    $545k
    5y growth
    10.8%/yr
    BalancedStable entry point

  2. Reynella

    SA · 5161
    56Average
    Median
    $645k
    5y growth
    9.8%/yr
    GrowthStable but fully priced

  3. Morwell

    VIC · 3840
    57Average
    Median
    $314k
    5y growth
    11.9%/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
Noarlunga
Reynella
Morwell
Capital growth (5y)
weight 22%
10010.8%/yr
989.8%/yr
10011.9%/yr
Rental yield
weight 13%
884.4%
522.6%
713.6%
Rental demand
weight 10%
701.2%
701.2%
402.4%
Population growth
weight 12%
656.5%
656.5%
787.8%
Income growth
weight 12%
6015.0%
6015.0%
5213.0%
Construction pipeline
weight 15%
0–
0–
0–
Affordability
weight 8%
2222% under cap
88% under cap
5555% under cap
Supply tightening
weight 8%
70-4.0% 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. Noarlunga

    1/8
    • Rental yield

  2. Reynella

    0/8

    No outright lead on any single dimension.

  3. Morwell

    2/8
    • Population growth
    • Affordability

Why Noarlunga

Stable entry point

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
  • No major construction project in this state

Why Reynella

Stable but fully priced

9.8%/yr capital growth, tight 1.2% vacancy.

Drivers
  • Capital growth9.8%/yr
  • Tight rentals1.2%
  • Supply tightening-4.0% YoY
  • Population growth+6.5% (5y)
Risks
  • At top of budget (92% of cap)
  • No major construction project in this state

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