Alderley vs Kamerunga

For units, Alderley sits at a median of $855K against $505K in Kamerunga, which makes Kamerunga the more affordable unit market and Alderley the pricier one.

On cash flow, Kamerunga leads: houses there return a gross rental yield of 4.39%, compared with 2.46% in Alderley, a gap of 1.93 percentage points.

Over the past year house prices moved +12.7% in Alderley and +16.6% in Kamerunga, so recent momentum favours Kamerunga, although both suburbs recorded growth.

Looking back three years, Alderley houses are +35.9% and Kamerunga houses +35.5%, so Alderley has compounded faster than Kamerunga over the longer window.

Rental vacancy is 1.1% in Kamerunga and 1.8% in Alderley, so landlords in Kamerunga 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 962, roughly 7 times the size of Kamerunga; a larger suburb usually means a deeper pool of buyers and tenants.

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