Alderley vs West Gladstone

For units, Alderley sits at a median of $855K against $375K in West Gladstone, which makes West Gladstone the more affordable unit market and Alderley the pricier one.

On cash flow, West Gladstone leads: houses there return a gross rental yield of 5.00%, compared with 2.46% in Alderley, a gap of 2.54 percentage points.

Over the past year house prices moved +12.7% in Alderley and +16.6% in West Gladstone, so recent momentum favours West Gladstone, although both suburbs recorded growth.

Looking back three years, Alderley houses are +35.9% and West Gladstone houses +57.6%, so West Gladstone has compounded faster than Alderley over the longer window.

Rental vacancy is 1.8% in Alderley and 2.3% in West Gladstone, 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 4,844, larger than West Gladstone; a larger suburb usually means a deeper pool of buyers and tenants.

In short: West Gladstone for rental income, West Gladstone 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.