Alexandra vs Caulfield North
Property investment comparison - Alexandra, VIC 3714 vs Caulfield North, VIC 3161
Head-to-head across core investment metrics: Alexandra wins 4, Caulfield North wins 1. 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 | Caulfield North |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $640K |
| Gross rental yield (houses) | 4.19% | 2.00% |
| Gross rental yield (units) | 4.60% | 5.39% |
| 1-year house growth | +7.9% | -10.6% |
| 3-year house growth | +7.9% | -5.3% |
| Vacancy rate | 0.9% | 2.4% |
| Population | 2,801 | 16,903 |
Alexandra vs Caulfield North: what the numbers say
On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 2.00% in Caulfield North, a gap of 2.19 percentage points.
Over the past year house prices moved +7.9% in Alexandra and -10.6% in Caulfield North, so recent momentum favours Alexandra, while Caulfield North went backwards.
Looking back three years, Alexandra houses are +7.9% and Caulfield North houses -5.3%, so Alexandra has compounded faster than Caulfield North over the longer window.
Rental vacancy is 0.9% in Alexandra and 2.4% in Caulfield 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.
Caulfield North is the bigger suburb, with a population of 16,903 against 2,801, roughly 6 times the size of Alexandra; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alexandra for rental income, Alexandra for recent price momentum, 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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Caulfield North, VIC 3161
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