Alderley vs Gregory River

For units, Alderley sits at a median of $860K against $1.2M in Gregory River, which makes Alderley the more affordable unit market and Gregory River the pricier one.

On cash flow, Gregory River leads: houses there return a gross rental yield of 3.75%, compared with 2.45% in Alderley, a gap of 1.30 percentage points.

Over the past year house prices moved +9.9% in Alderley and +17.0% in Gregory River, so recent momentum favours Gregory River, although both suburbs recorded growth.

Looking back three years, Alderley houses are +36.8% and Gregory River houses +39.1%, so Gregory River has compounded faster than Alderley over the longer window.

Rental vacancy is 2.0% in Alderley and 8.9% in Gregory River, so landlords in Alderley face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Alderley is the bigger suburb, with a population of 6,748 against 427, roughly 16 times the size of Gregory River; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Gregory River for rental income, Gregory River for recent price momentum, Alderley for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.