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Alexandra Headland vs Benowa

Property investment comparison - Alexandra Headland, QLD 4572 vs Benowa, QLD 4217

Head-to-head across core investment metrics: Alexandra Headland wins 2, Benowa wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricAlexandra HeadlandBenowa
Median house price$1.8M$1.8M
Median unit price-$1M
Gross rental yield (houses)2.70%3.92%
Gross rental yield (units)--
1-year house growth+11.6%estimate+16.9%
3-year house growth-+19.5%
Vacancy rate1.1%2.0%
Population4,2359,889

Alexandra Headland vs Benowa: what the numbers say

The median house price is $1.8M in Alexandra Headland and $1.8M in Benowa, so Alexandra Headland is the cheaper entry point, with Benowa houses about 1% dearer.

On cash flow, Benowa leads: houses there return a gross rental yield of 3.92%, compared with 2.70% in Alexandra Headland, a gap of 1.22 percentage points.

Over the past year house prices moved +11.6% in Alexandra Headland (an estimate) and +16.9% in Benowa, so recent momentum favours Benowa, although both suburbs recorded growth.

Rental vacancy is 1.1% in Alexandra Headland and 2.0% in Benowa, so landlords in Alexandra Headland face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Benowa is the bigger suburb, with a population of 9,889 against 4,235, roughly 2.3 times the size of Alexandra Headland; a larger suburb usually means a deeper pool of buyers and tenants.

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

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