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Alexandra vs Bells Beach

Property investment comparison - Alexandra, VIC 3714 vs Bells Beach, VIC 3228

Head-to-head across core investment metrics: Alexandra wins 2, Bells Beach wins 0. 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.

MetricAlexandraBells Beach
Median house price$535K-
Median unit price-$1.1M
Gross rental yield (houses)4.19%-
Gross rental yield (units)4.60%3.28%
1-year house growth+7.9%-
3-year house growth+7.9%-
Vacancy rate0.9%1.8%
Population2,801151

Alexandra vs Bells Beach: what the numbers say

Rental vacancy is 0.9% in Alexandra and 1.8% in Bells Beach, so landlords in Alexandra face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Alexandra is the bigger suburb, with a population of 2,801 against 151, roughly 19 times the size of Bells Beach; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Alexandra 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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