Alderley vs Morningside

The median house price is $1.7M in Alderley and $1.7M in Morningside, so Morningside is the cheaper entry point, with Alderley houses about 1% dearer.

For units, Alderley sits at a median of $855K against $950K in Morningside, which makes Alderley the more affordable unit market and Morningside the pricier one.

Over the past year house prices moved +12.7% in Alderley and +10.4% in Morningside, so recent momentum favours Alderley, although both suburbs recorded growth.

Looking back three years, Alderley houses are +35.9% and Morningside houses +37.1%, so Morningside has compounded faster than Alderley over the longer window.

Rental vacancy is 1.2% in Morningside and 1.8% in Alderley, so landlords in Morningside face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Morningside is the bigger suburb, with a population of 11,755 against 6,748, larger than Alderley; a larger suburb usually means a deeper pool of buyers and tenants.

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