Alderley vs Toolakea

For units, Alderley sits at a median of $855K against $340K in Toolakea, which makes Toolakea the more affordable unit market and Alderley the pricier one.

On cash flow, Toolakea leads: houses there return a gross rental yield of 3.93%, compared with 2.46% in Alderley, a gap of 1.47 percentage points.

Over the past year house prices moved +12.7% in Alderley and +13.7% in Toolakea, so recent momentum favours Toolakea, although both suburbs recorded growth.

Looking back three years, Alderley houses are +35.9% and Toolakea houses +58.1%, so Toolakea has compounded faster than Alderley over the longer window.

Rental vacancy is 1.8% in Alderley and 5.1% in Toolakea, 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 218, roughly 31 times the size of Toolakea; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Toolakea for rental income, Toolakea 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.