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Alderley vs Kensington

Property investment comparison - Alderley, QLD 4051 vs Kensington, QLD 4670

Head-to-head across core investment metrics: Alderley wins 1, Kensington wins 4. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricAlderleyKensington
Median house price$1.7M-
Median unit price$855K$445K
Gross rental yield (houses)2.46%1.81%
Gross rental yield (units)3.71%5.52%
1-year house growth+12.7%+15.8%estimate
3-year house growth+35.9%-
Vacancy rate1.8%1.3%
Population6,748722

Alderley vs Kensington: what the numbers say

For units, Alderley sits at a median of $855K against $445K in Kensington, which makes Kensington the more affordable unit market and Alderley the pricier one.

On cash flow, Alderley leads: houses there return a gross rental yield of 2.46%, compared with 1.81% in Kensington, a gap of 0.65 percentage points.

Over the past year house prices moved +12.7% in Alderley and +15.8% in Kensington (an estimate), so recent momentum favours Kensington, although both suburbs recorded growth.

Rental vacancy is 1.3% in Kensington and 1.8% in Alderley, so landlords in Kensington 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 722, roughly 9 times the size of Kensington; a larger suburb usually means a deeper pool of buyers and tenants.

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

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