Alderley vs Rangewood

For units, Alderley sits at a median of $855K against $570K in Rangewood, which makes Rangewood the more affordable unit market and Alderley the pricier one.

On cash flow, Rangewood leads: houses there return a gross rental yield of 3.56%, compared with 2.46% in Alderley, a gap of 1.10 percentage points.

Over the past year house prices moved +12.7% in Alderley and +12.1% in Rangewood, so recent momentum favours Alderley, although both suburbs recorded growth.

Looking back three years, Alderley houses are +35.9% and Rangewood houses +59.1%, so Rangewood has compounded faster than Alderley over the longer window.

Rental vacancy is 1.8% in Alderley and 5.3% in Rangewood, so landlords in Alderley 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 1,084, roughly 6 times the size of Rangewood; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Rangewood 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.