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Alexandra vs Callignee North

Property investment comparison - Alexandra, VIC 3714 vs Callignee North, VIC 3844

Head-to-head across core investment metrics: Alexandra wins 2, Callignee North 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.

MetricAlexandraCallignee North
Median house price$535K-
Median unit price--
Gross rental yield (houses)4.19%3.09%
Gross rental yield (units)4.60%-
1-year house growth+7.9%-
3-year house growth+7.9%-
Vacancy rate0.9%8.4%
Population2,80142

Alexandra vs Callignee North: what the numbers say

On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 3.09% in Callignee North, a gap of 1.10 percentage points.

Rental vacancy is 0.9% in Alexandra and 8.4% in Callignee North, 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 42, roughly 67 times the size of Callignee North; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Alexandra for rental income, 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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