Alderley vs Palmyra
Property investment comparison - Alderley, QLD 4051 vs Palmyra, QLD 4751
Head-to-head across core investment metrics: Alderley wins 3, Palmyra wins 1. 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.
| Metric | Alderley | Palmyra |
|---|---|---|
| Median house price | $1.7M | - |
| Median unit price | $855K | $1.1M |
| Gross rental yield (houses) | 2.46% | 2.26% |
| Gross rental yield (units) | 3.71% | 2.56% |
| 1-year house growth | +12.7% | - |
| 3-year house growth | +35.9% | - |
| Vacancy rate | 1.8% | 0.8% |
| Population | 6,748 | 250 |
Alderley vs Palmyra: what the numbers say
For units, Alderley sits at a median of $855K against $1.1M in Palmyra, which makes Alderley the more affordable unit market and Palmyra the pricier one.
On cash flow, Alderley leads: houses there return a gross rental yield of 2.46%, compared with 2.26% in Palmyra, a gap of 0.20 percentage points.
Rental vacancy is 0.8% in Palmyra and 1.8% in Alderley, so landlords in Palmyra 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 250, roughly 27 times the size of Palmyra; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alderley for rental income, Palmyra for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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