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Top 20 Best Investment Suburbs Melbourne 2026 — Ranked by GeeVee Score

June 21, 2026

GeeVee scores every Melbourne suburb on 7 factors: rental yield, capital growth, infrastructure investment, population growth, vacancy rate, affordability and supply risk. Here are the 20 highest-scoring Melbourne suburbs for property investment in 2026.

The Top 20 — Ranked by GeeVee Composite Score

Rank Suburb GeeVee Score Median Price Yield Growth Key Driver
1 Sunshine 8.2/10 $895k 4.2% +11.8% Airport Rail Link 2029
2 Kensington 8.0/10 $1.1M 3.8% +9.4% Arden Metro Station 2025
3 Footscray 8.0/10 $985k 3.5% +8.9% Hospital Precinct + West Gate Tunnel
4 Doncaster 8.1/10 $1.38M 2.8% +7.6% Doncaster Rail Link (pre-announcement)
5 Northcote 8.0/10 $1.72M 3.1% +5.1% Inner-north lifestyle, zero vacancy
6 Preston 7.6/10 $1.28M 4.1% +3.8% Units -19.4% supply compression
7 Ivanhoe 8.1/10 $2.03M 2.5% +14.7% Grammar school zone, land scarcity
8 Brunswick 7.9/10 $1.42M 3.4% +6.8% Creative economy, walkability, tram
9 Glen Waverley 7.9/10 $1.65M 2.7% +8.2% GWSC zone premium $250k-$400k
10 Box Hill 7.8/10 $1.35M 3.8% +7.4% Box Hill Health Precinct, tram/train
11 Clayton 7.8/10 $1.12M 4.1% +6.9% Monash University + Hospital
12 Braybrook 7.9/10 $785k 4.3% +10.2% Footscray spillover, West Gate Tunnel
13 Coburg 7.7/10 $1.18M 3.6% +7.2% Pentridge Village, tram access
14 Reservoir 7.3/10 $985k 3.9% +5.8% Affordability, Edwardes Lake, train
15 Camberwell 7.6/10 $2.15M 2.4% +7.4% Canterbury Girls Grammar zone
16 Ringwood 7.6/10 $985k 3.2% +6.4% Eastland, Transit City plan
17 Dandenong 7.5/10 $845k 5.8% +6.1% Highest yield in Melbourne SE
18 Thornbury 7.5/10 $1.35M 3.2% +4.2% Inner-north lifestyle, flat trend buying window
19 Heidelberg 7.4/10 $1.28M 3.1% +5.4% Austin Hospital, Burgundy Street village
20 Caulfield 7.7/10 $1.42M 3.3% +6.8% Monash campus, racecourse precinct

How GeeVee Scores Suburbs

Each suburb is scored across 7 weighted factors: rental yield (20%), capital growth (20%), infrastructure investment (15%), population growth (15%), vacancy rate (15%), affordability relative to its market (10%) and supply risk (5%). Scores are recalculated quarterly as new data is released.

Access Off-Market Investment Properties in Any of These Suburbs

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