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Frankston North vs Benalla vs Traralgon — which is best for growth?

Same eight metrics, scored against the same benchmark, ranked against a $900kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Frankston North

    VIC · 3200
    55Average
    Median
    $591k
    5y growth
    6.9%/yr
    BalancedStable entry point

  2. Benalla

    VIC · 3671
    53Average
    Median
    $445k
    5y growth
    8.9%/yr
    GrowthStable entry · room to scale

  3. Traralgon

    VIC · 3844
    54Average
    Median
    $533k
    5y growth
    10.3%/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
Frankston North
Benalla
Traralgon
Capital growth (5y)
weight 22%
696.9%/yr
898.9%/yr
10010.3%/yr
Rental yield
weight 13%
552.8%
582.9%
542.7%
Rental demand
weight 10%
681.3%
402.4%
402.4%
Population growth
weight 12%
787.8%
787.8%
787.8%
Income growth
weight 12%
6416.0%
5213.0%
5213.0%
Construction pipeline
weight 15%
0–
0–
0–
Affordability
weight 8%
3434% under cap
5151% under cap
4141% under cap
Supply tightening
weight 8%
80-6.0% YoY
25+5.0% YoY
25+5.0% YoY

Winner per dimension

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

  1. Frankston North

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

  2. Benalla

    2/8
    • Rental yield
    • Affordability

  3. Traralgon

    1/8
    • Capital growth (5y)

Why Frankston North

Stable entry point

listings tightening 6.0% YoY, population +7.8% (5y).

Drivers
  • Supply tightening-6.0% YoY
  • Population growth+7.8% (5y)
  • Capital growth6.9%/yr
  • Tight rentals1.3%
Risks
  • No major construction project in this state

Construction ·Suburban Rail Loop East — Cheltenham19.7 kmConstruction · 2035

Why Benalla

Stable entry · room to scale

8.9%/yr capital growth, population +7.8% (5y).

Drivers
  • Capital growth8.9%/yr
  • Population growth+7.8% (5y)
Risks
  • No major construction project in this state

Construction ·North East Link — Bulleen157.2 kmConstruction · 2028

Why Traralgon

Stable entry · room to scale

10.3%/yr capital growth, population +7.8% (5y).

Drivers
  • Capital growth10.3%/yr
  • Population growth+7.8% (5y)
Risks
  • No major construction project in this state

Construction ·Suburban Rail Loop East — Glen Waverley124.0 kmConstruction · 2035