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Alexandra vs Cardinia

Property investment comparison - Alexandra, VIC 3714 vs Cardinia, VIC 3978

Head-to-head across core investment metrics: Alexandra wins 3, Cardinia 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.

MetricAlexandraCardinia
Median house price$535K-
Median unit price-$515K
Gross rental yield (houses)4.19%1.99%
Gross rental yield (units)4.60%3.09%
1-year house growth+7.9%-
3-year house growth+7.9%-
Vacancy rate0.9%6.4%
Population2,801342

Alexandra vs Cardinia: what the numbers say

On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 1.99% in Cardinia, a gap of 2.20 percentage points.

Rental vacancy is 0.9% in Alexandra and 6.4% in Cardinia, 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 342, roughly 8 times the size of Cardinia; 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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