Alderley vs Palm Beach

For units, Alderley sits at a median of $855K against $1.2M in Palm Beach, which makes Alderley the more affordable unit market and Palm Beach the pricier one.

On cash flow, Palm Beach leads: houses there return a gross rental yield of 3.20%, compared with 2.46% in Alderley, a gap of 0.74 percentage points.

Over the past year house prices moved +12.7% in Alderley and +11.9% in Palm Beach, so recent momentum favours Alderley, although both suburbs recorded growth.

Looking back three years, Alderley houses are +35.9% and Palm Beach houses +30.8%, so Alderley has compounded faster than Palm Beach over the longer window.

Rental vacancy is 1.8% in Alderley and 2.1% in Palm Beach, so landlords in Alderley face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Palm Beach is the bigger suburb, with a population of 16,349 against 6,748, roughly 2.4 times the size of Alderley; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Palm Beach for rental income, Alderley 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.