⚡ BUDGET NIGHT MAY 12 2026Negative gearing → new builds only from July 2027 · CGT 50% discount → inflation indexation · One-year grace periodHOUSES ONLY · v2.0
Institutional Property Research · Australia · May 2026

SuburbScanner

Pre-consensus early-cycle residential intelligence · 10-variable scoring · SA2/suburb level

NATIONAL VACANCY
1.0%
NATIONAL RENT ∆
+6.6%
CASH RATE
3.85%
CF+ PICKS
10/20
MIN YIELD%
MAX $
SORT
20 results
Moe / NewboroughVICTIER 1NEW BUILD ✓
EarlyUNKNOWNPositive▲ STRONG UPGRADE
SCORE
92
YIELD
6.4%
VAC
0.9%
RENT∆
+6%
PRICE∆
+5.1%
ANNUAL RENT
$24,440
ANNUAL INTEREST
$19,760
NET PRE-COSTS
+$4,680
ENTRY
$380k

Highest conviction — 6.4% house yield at $380k = strongly positive cashflow. Budget policy renders negative gearing IRRELEVANT here. New builds in Morwell corridor still NG-eligible for adjacent buyers. Keppel data centre catalyst completely unpriced.

Yield
+22
Supply
+14
Rent∆
+13
Lag
+18
DETAIL →
MorwellVICTIER 1NEW BUILD ✓
EarlyUNKNOWNNear-Positive▲ STRONG UPGRADE
SCORE
89
YIELD
5.6%
VAC
1.0%
RENT∆
+5.5%
PRICE∆
+5.1%
ANNUAL RENT
$20,280
ANNUAL INTEREST
$18,590
NET PRE-COSTS
+$1,690
ENTRY
$358k

Direct Keppel data centre suburb. $10B investment = Australia's largest AI infrastructure site. English Street new development retains unlimited NG under budget changes. Near-positive cashflow on existing stock. Completely absent from investor media.

Yield
+21
Supply
+13
Rent∆
+12
Lag
+17
DETAIL →
Burnie (Acton/Shorewell Park)TASTIER 1⏱ GRACE
EarlyUNKNOWNNear-Positive▲ UPGRADED
SCORE
84
YIELD
5.3%
VAC
0.1%
RENT∆
+6.9%
PRICE∆
+3%
ANNUAL RENT
$27,560
ANNUAL INTEREST
$27,040
NET PRE-COSTS
+$520
ENTRY
$520k

0.11% vacancy is the most extreme supply signal in this entire scan. Rent +6.9% vs price +3% — widest rent-to-price divergence in Tasmania. Near-positive on houses. NG not required. Budget policy neutral-to-positive for near-positive hold.

Yield
+19
Supply
+15
Rent∆
+14
Lag
+19
DETAIL →
Alice SpringsNTTIER 2NEW BUILD ✓
EarlyUNKNOWNPositive▲ STRONG UPGRADE
SCORE
81
YIELD
6.3%
VAC
1.3%
RENT∆
+6.5%
PRICE∆
+7%
ANNUAL RENT
$33,800
ANNUAL INTEREST
$28,080
NET PRE-COSTS
+$5,720
ENTRY
$540k

$14B defence budget uplift flows directly to Alice Springs through Pine Gap and RAAF base expansion. 6.3% house yield. Strongly positive cashflow. Well below 2014 peak (~$620k). Defence spending is the single most policy-confirmed catalyst in this scan.

Yield
+22
Supply
+11
Rent∆
+12
Lag
+15
DETAIL →
EmeraldQLDTIER 2NEW BUILD ✓
EarlyUNKNOWNPositive▲ STRONG UPGRADE
SCORE
80
YIELD
6.8%
VAC
1.0%
RENT∆
+7%
PRICE∆
+6%
ANNUAL RENT
$25,740
ANNUAL INTEREST
$19,760
NET PRE-COSTS
+$5,980
ENTRY
$380k

6.8% house yield at $380k — strongly positive cashflow. Genuine regional hub with diversified economy: agriculture + mining services + retail + education. Not a single-employer town. Absent from all major investor media lists.

Yield
+23
Supply
+12
Rent∆
+13
Lag
+16
DETAIL →
Port Pirie SouthSATIER 2NEW BUILD ✓
StartingEMERGINGPositive▲ STRONG UPGRADE
SCORE
74
YIELD
6.5%
VAC
0.4%
RENT∆
+7%
PRICE∆
+6%
ANNUAL RENT
$19,500
ANNUAL INTEREST
$15,600
NET PRE-COSTS
+$3,900
ENTRY
$300k

6.5% house yield at $300k = strongly positive cashflow. Near-zero vacancy. Budget policy upgrades this: CF positive means NG irrelevant, cheap entry suits inflation indexation CGT regime.

Yield
+23
Supply
+14
Rent∆
+13
Lag
+15
DETAIL →
WhyallaSATIER 2NEW BUILD ✓⏱ GRACE
StartingEMERGINGNear-Positive▲ UPGRADED
SCORE
77
YIELD
4.6%
VAC
0.8%
RENT∆
+8%
PRICE∆
+6.7%
ANNUAL RENT
$15,600
ANNUAL INTEREST
$17,628
NET PRE-COSTS
$-2,028
ENTRY
$339k

GRACE-PERIOD CONVERGENCE PLAY. Current 4.6% yield self-heals to cashflow-positive in ~18-24 months on 8% rent growth — but incoming 20,000 construction workers + BlueScope acquisition (Sept 2026) + Northern Water decision (mid-2026) compress that timeline to 6-9 months. SA govt has removed the binary GFG risk via KordaMentha administration and formal sale. $30.3B pipeline across 107 projects makes this a government-designated industrial transition zone, not a single-employer town.

Yield
+14
Supply
+13
Rent∆
+14
Lag
+17
DETAIL →
Kalgoorlie-BoulderWATIER 2NEW BUILD ✓
MidKNOWNPositive▲ STRONG UPGRADE
SCORE
77
YIELD
8.0%
VAC
1.4%
RENT∆
+5%
PRICE∆
+14%
ANNUAL RENT
$33,280
ANNUAL INTEREST
$21,840
NET PRE-COSTS
+$11,440
ENTRY
$420k

8% house yield = massively positive cashflow. Budget changes completely irrelevant. REIWA forecasts 10–15% price growth in 2026. Nickel volatility is the risk; gold price at multi-year highs.

Yield
+24
Supply
+11
Rent∆
+9
Lag
+8
DETAIL →
ChurchillVICTIER 2NEW BUILD ✓⏱ GRACE
StartingEMERGINGNear-Positive▲ UPGRADED
SCORE
68
YIELD
5.6%
VAC
1.0%
RENT∆
+7%
PRICE∆
+15.7%
ANNUAL RENT
$22,620
ANNUAL INTEREST
$21,060
NET PRE-COSTS
+$1,560
ENTRY
$405k

University anchor provides non-cyclical rental demand. New builds near campus retain unlimited NG under budget changes. Near-positive cashflow on existing stock. Part of the Latrobe Valley cluster benefiting from Keppel + Marinus Link employment uplift.

Yield
+21
Supply
+13
Rent∆
+14
Lag
+10
DETAIL →
ManundaQLDTIER 2⏱ GRACE
StartingEMERGINGNear-Positive▲ UPGRADED
SCORE
71
YIELD
5.8%
VAC
0.7%
RENT∆
+9%
PRICE∆
+12%
ANNUAL RENT
$30,160
ANNUAL INTEREST
$27,040
NET PRE-COSTS
+$3,120
ENTRY
$520k

5.8% house yield in Cairns' most affordable CBD-adjacent suburb. Rent +9% with 0.7% vacancy. Near-positive cashflow means minimal NG dependence. Budget policy neutral-positive for this market.

Yield
+21
Supply
+14
Rent∆
+15
Lag
+9
DETAIL →
SheppartonVICTIER 2⏱ GRACE
EarlyUNKNOWNNear-Positive▲ UPGRADED
SCORE
83
YIELD
5.1%
VAC
1.1%
RENT∆
+6.5%
PRICE∆
+2%
ANNUAL RENT
$26,000
ANNUAL INTEREST
$25,724
NET PRE-COSTS
+$276
ENTRY
$495k

PRICE LAG STANDOUT — only 2% price growth vs 6.5% rent growth = widest rent-to-price gap in VIC regional scan. Houses described as ~12% undervalued. 5.08% yield is borderline but the rent-ahead-of-price signal is the strongest in the state.

Yield
+18
Supply
+14
Rent∆
+13
Lag
+19
DETAIL →
Ayr (Burdekin)QLDTIER 2NEW BUILD ✓
EarlyUNKNOWNPositive▲ STRONG UPGRADE
SCORE
74
YIELD
6.0%
VAC
0.8%
RENT∆
+6.5%
PRICE∆
+7%
ANNUAL RENT
$20,280
ANNUAL INTEREST
$17,680
NET PRE-COSTS
+$2,600
ENTRY
$340k

6% house yield at $340k — strongly positive cashflow at current rates. Genuine agricultural economy (not purely mining). Zero institutional coverage. Burdekin district is Australia's largest sugar cane producer; seasonal worker + permanent resident rental demand structural.

Yield
+22
Supply
+12
Rent∆
+12
Lag
+15
DETAIL →
Cairns NorthQLDTIER 2⏱ GRACE
Early-MidEMERGINGNear-Positive▲ UPGRADED
SCORE
69
YIELD
5.3%
VAC
1.1%
RENT∆
+8%
PRICE∆
+8%
ANNUAL RENT
$29,744
ANNUAL INTEREST
$27,560
NET PRE-COSTS
+$2,184
ENTRY
$530k

5.34% house yield in the most professional Cairns suburb. Hospital/university anchor provides recession-resistant tenant base. Near-positive cashflow. Budget changes are mildly positive.

Yield
+19
Supply
+12
Rent∆
+14
Lag
+12
DETAIL →
KaramaNTTIER 3NEW BUILD ✓
MidEMERGINGPositive▲ STRONG UPGRADE
SCORE
72
YIELD
6.0%
VAC
0.8%
RENT∆
+9%
PRICE∆
+16.8%
ANNUAL RENT
$31,200
ANNUAL INTEREST
$27,170
NET PRE-COSTS
+$4,030
ENTRY
$523k

6% house yield + AUKUS-confirmed defence employment uplift. $14B extra defence spending in budget directly flows to Darwin. Strongly positive cashflow. NT HomeGrown grants active.

Yield
+22
Supply
+13
Rent∆
+14
Lag
+8
DETAIL →
KarrathaWATIER 2NEW BUILD ✓
MidKNOWNPositive▲ STRONG UPGRADE
SCORE
67
YIELD
10.7%
VAC
0.8%
RENT∆
+4%
PRICE∆
+10%
ANNUAL RENT
$54,600
ANNUAL INTEREST
$26,520
NET PRE-COSTS
+$28,080
ENTRY
$510k

10.7% yield = most extreme positive cashflow in scan. Company leases (Rio, BHP, Woodside) provide corporate-grade rental security. Budget policy completely irrelevant. $14B defence uplift confirms NW WA strategic importance.

Yield
+25
Supply
+14
Rent∆
+8
Lag
+7
DETAIL →
MouldenNTTIER 3NEW BUILD ✓
MidEMERGINGPositive▲ STRONG UPGRADE
SCORE
68
YIELD
6.5%
VAC
0.8%
RENT∆
+9%
PRICE∆
+12.8%
ANNUAL RENT
$29,120
ANNUAL INTEREST
$23,400
NET PRE-COSTS
+$5,720
ENTRY
$450k

6.5% house yield + 9-day average DOM. Palmerston's most affordable house suburb with strong cashflow. Budget changes fully positive. Defence uplift confirmed.

Yield
+23
Supply
+12
Rent∆
+14
Lag
+9
DETAIL →
MuswellbrookNSWTIER 3⏱ GRACE
StartingEMERGINGNear-Positive▲ UPGRADED
SCORE
63
YIELD
5.2%
VAC
1.2%
RENT∆
+5.5%
PRICE∆
+14.4%
ANNUAL RENT
$29,900
ANNUAL INTEREST
$29,900
NET PRE-COSTS
+$0
ENTRY
$575k

5.2% house yield in Upper Hunter — borderline threshold but included for coal transition catalyst. Hunter Valley repowering investments replacing coal employment. +96.4% five-year momentum.

Yield
+18
Supply
+11
Rent∆
+10
Lag
+10
DETAIL →
MoranbahQLDTIER 3
MidKNOWNPositive▲ STRONG UPGRADE
SCORE
63
YIELD
8.5%
VAC
1.5%
RENT∆
+5%
PRICE∆
+7%
ANNUAL RENT
$32,240
ANNUAL INTEREST
$19,760
NET PRE-COSTS
+$12,480
ENTRY
$380k

8.5% house yield at $380k = massively positive cashflow. Budget policy strongly positive. Winchester South mine expansion provides multi-year employment anchor.

Yield
+24
Supply
+10
Rent∆
+9
Lag
+12
DETAIL →
GracemereQLDTIER 3NEW BUILD ✓⏱ GRACE
StartingEMERGINGNear-Positive▲ UPGRADED
SCORE
67
YIELD
5.6%
VAC
1.0%
RENT∆
+6%
PRICE∆
+8%
ANNUAL RENT
$23,660
ANNUAL INTEREST
$21,840
NET PRE-COSTS
+$1,820
ENTRY
$420k

Lower-profile Rockhampton fringe suburb. Near-positive cashflow. Less hyped than Berserker/Norman Gardens which have already run hard. Rockhampton LGA fundamentals (85k population) provide the backing.

Yield
+20
Supply
+12
Rent∆
+11
Lag
+12
DETAIL →
Romaine (Burnie)TASTIER 3⏱ GRACE
StartingUNKNOWNNear-Positive◆ NEUTRAL
SCORE
65
YIELD
5.0%
VAC
0.5%
RENT∆
+6.9%
PRICE∆
+14.9%
ANNUAL RENT
$23,920
ANNUAL INTEREST
$24,960
NET PRE-COSTS
$-1,040
ENTRY
$480k

Top capital growth suburb in all of Tasmania at +14.9% (Cotality). Burnie's highest-performing precinct. 5% yield is below threshold but included for price momentum + Burnie 0.5% vacancy halo.

Yield
+17
Supply
+14
Rent∆
+13
Lag
+10
DETAIL →