Alderley vs Yeerongpilly

The median house price is $1.7M in Alderley and $1.7M in Yeerongpilly, so Alderley is the cheaper entry point, with Yeerongpilly houses about 2% dearer.

For units, Alderley sits at a median of $855K against $940K in Yeerongpilly, which makes Alderley the more affordable unit market and Yeerongpilly the pricier one.

On cash flow, Alderley leads: houses there return a gross rental yield of 2.46%, compared with 2.18% in Yeerongpilly, a gap of 0.28 percentage points.

Over the past year house prices moved +12.7% in Alderley and +12.4% in Yeerongpilly, so recent momentum favours Alderley, although both suburbs recorded growth.

Looking back three years, Alderley houses are +35.9% and Yeerongpilly houses +59.5%, so Yeerongpilly has compounded faster than Alderley over the longer window.

Rental vacancy is 0.2% in Yeerongpilly and 1.8% in Alderley, so landlords in Yeerongpilly 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 2,033, roughly 3.3 times the size of Yeerongpilly; a larger suburb usually means a deeper pool of buyers and tenants.

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