Alderley vs Wavell Heights

The median house price is $1.7M in Alderley and $1.6M in Wavell Heights, so Wavell Heights is the cheaper entry point, with Alderley houses about 1% dearer.

For units, Alderley sits at a median of $855K against $800K in Wavell Heights, which makes Wavell Heights the more affordable unit market and Alderley the pricier one.

Over the past year house prices moved +12.7% in Alderley and +11.3% in Wavell Heights, so recent momentum favours Alderley, although both suburbs recorded growth.

Looking back three years, Alderley houses are +35.9% and Wavell Heights houses +37.1%, so Wavell Heights has compounded faster than Alderley over the longer window.

Rental vacancy is 1.4% in Wavell Heights and 1.8% in Alderley, so landlords in Wavell Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Wavell Heights is the bigger suburb, with a population of 10,336 against 6,748, larger than Alderley; a larger suburb usually means a deeper pool of buyers and tenants.

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