Alderley vs Mudjimba

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

For units, Alderley sits at a median of $855K against $1M in Mudjimba, which makes Alderley the more affordable unit market and Mudjimba the pricier one.

On cash flow, Mudjimba leads: houses there return a gross rental yield of 3.15%, compared with 2.46% in Alderley, a gap of 0.69 percentage points.

Over the past year house prices moved +12.7% in Alderley and +14.2% in Mudjimba, so recent momentum favours Mudjimba, although both suburbs recorded growth.

Looking back three years, Alderley houses are +35.9% and Mudjimba houses +21.5%, so Alderley has compounded faster than Mudjimba over the longer window.

Rental vacancy is 0.3% in Mudjimba and 1.8% in Alderley, so landlords in Mudjimba 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 2,664, roughly 2.5 times the size of Mudjimba; a larger suburb usually means a deeper pool of buyers and tenants.

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