Alexandra Hills vs Karana Downs

Houses cost about the same in both suburbs: the median house price is $1.1M in Alexandra Hills and $1.1M in Karana Downs.

Over the past year house prices moved +16.7% in Alexandra Hills and +7.4% in Karana Downs, so recent momentum favours Alexandra Hills, although both suburbs recorded growth.

Looking back three years, Alexandra Hills houses are +47.2% and Karana Downs houses +34.1%, so Alexandra Hills has compounded faster than Karana Downs over the longer window.

Rental vacancy is 0.5% in Alexandra Hills and 1.5% in Karana Downs, so landlords in Alexandra Hills face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Alexandra Hills is the bigger suburb, with a population of 16,472 against 3,800, roughly 4.3 times the size of Karana Downs; a larger suburb usually means a deeper pool of buyers and tenants.

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