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Morwell vs Munno Para vs Macgregor — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $800kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Morwell

    VIC · 3840
    58Average
    Median
    $314k
    5y growth
    11.9%/yr
    GrowthStable entry · room to scale

  2. Munno Para

    SA · 5115
    60Strong
    Median
    $495k
    5y growth
    11.2%/yr
    GrowthStable entry point

  3. Macgregor

    ACT · 2615
    58Average
    Median
    $695k
    5y growth
    8.2%/yr
    BalancedStable entry point

Metric breakdown

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

Metric · weight
Morwell
Munno Para
Macgregor
Capital growth (5y)
weight 22%
10011.9%/yr
10011.2%/yr
828.2%/yr
Rental yield
weight 13%
713.6%
562.8%
693.5%
Rental demand
weight 10%
402.4%
681.3%
651.4%
Population growth
weight 12%
787.8%
656.5%
919.1%
Income growth
weight 12%
5213.0%
5614.0%
6416.0%
Construction pipeline
weight 15%
0–
0–
0–
Affordability
weight 8%
6161% under cap
3838% under cap
1313% under cap
Supply tightening
weight 8%
25+5.0% YoY
75-5.0% YoY
65-3.0% YoY

Winner per dimension

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

  1. Morwell

    2/8
    • Rental yield
    • Affordability

  2. Munno Para

    2/8
    • Rental demand
    • Supply tightening

  3. Macgregor

    2/8
    • Population growth
    • Income growth

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%
  • Budget headroom61% under cap
Risks
  • No major construction project in this state

Construction ·Suburban Rail Loop East — Glen Waverley116.0 kmConstruction · 2035

Why Munno Para

Stable entry point

11.2%/yr capital growth, listings tightening 5.0% YoY.

Drivers
  • Capital growth11.2%/yr
  • Supply tightening-5.0% YoY
  • Tight rentals1.3%
  • Population growth+6.5% (5y)
Risks
  • No major construction project in this state

Why Macgregor

Stable entry point

population +9.1% (5y), 8.2%/yr capital growth.

Drivers
  • Population growth+9.1% (5y)
  • Capital growth8.2%/yr
  • Rental yield3.5%
  • Tight rentals1.4%
Risks
  • No major construction project in this state