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Morwell vs Ararat vs Mont Albert — 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. Morwell

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

  2. Ararat

    VIC · 3377
    57Average
    Median
    $330k
    5y growth
    8.9%/yr
    BalancedStable entry · room to scale

  3. Mont Albert

    VIC · 3127
    46Average
    Median
    $800k
    5y growth
    -0.2%/yr
    YieldStable entry point

Metric breakdown

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

Metric · weight
Morwell
Ararat
Mont Albert
Capital growth (5y)
weight 22%
10011.9%/yr
898.9%/yr
0-0.2%/yr
Rental yield
weight 13%
713.6%
793.9%
592.9%
Rental demand
weight 10%
402.4%
402.4%
651.4%
Population growth
weight 12%
787.8%
787.8%
787.8%
Income growth
weight 12%
5213.0%
5213.0%
7619.0%
Construction pipeline
weight 15%
0–
0–
40$2.0bn
Affordability
weight 8%
6565% under cap
6363% under cap
1111% under cap
Supply tightening
weight 8%
25+5.0% YoY
25+5.0% YoY
80-6.0% YoY

Winner per dimension

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

  1. Morwell

    2/8
    • Capital growth (5y)
    • Affordability

  2. Ararat

    1/8
    • Rental yield

  3. Mont Albert

    4/8
    • Rental demand
    • Income growth
    • Construction pipeline
    • 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%
  • Budget headroom65% under cap
Risks
  • No major construction project in this state

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

Why Ararat

Stable entry · room to scale

8.9%/yr capital growth, 3.9% gross yield.

Drivers
  • Capital growth8.9%/yr
  • Rental yield3.9%
  • Population growth+7.8% (5y)
  • Budget headroom63% under cap
Risks
  • No major construction project in this state

Construction ·Melbourne Airport Rail — Sunshine Hub176.5 kmApproved · 2033

Why Mont Albert

Stable entry point

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

Drivers
  • Supply tightening-6.0% YoY
  • Population growth+7.8% (5y)
  • Income growth+19.0% (5y)
  • Tight rentals1.4%
Risks
  • Modest 5y growth (-0.2%/yr)

Construction ·Suburban Rail Loop East — Box Hill1.1 kmConstruction · 2035