Alexandra vs Happy Valley
Property investment comparison - Alexandra, QLD 4740 vs Happy Valley, QLD 4825
Head-to-head across core investment metrics: Alexandra wins 1, Happy Valley wins 3. 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.
| Metric | Alexandra | Happy Valley |
|---|---|---|
| Median house price | $260K | $275K |
| Median unit price | $735K | $200K |
| Gross rental yield (houses) | - | 8.64% |
| Gross rental yield (units) | 3.90% | 9.46% |
| 1-year house growth | - | +4.0%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 1.1% | 1.0% |
| Population | 189 | 733 |
Alexandra vs Happy Valley: what the numbers say
The median house price is $260K in Alexandra and $275K in Happy Valley, so Alexandra is the cheaper entry point, with Happy Valley houses about 6% dearer.
For units, Alexandra sits at a median of $735K against $200K in Happy Valley, which makes Happy Valley the more affordable unit market and Alexandra the pricier one.
Rental vacancy is 1.0% in Happy Valley and 1.1% in Alexandra, so landlords in Happy Valley face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Happy Valley is the bigger suburb, with a population of 733 against 189, roughly 3.9 times the size of Alexandra; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alexandra for a lower purchase price, Happy Valley for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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