Alexandra vs Clear Lake
Property investment comparison - Alexandra, VIC 3714 vs Clear Lake, VIC 3409
Head-to-head across core investment metrics: Alexandra wins 1, Clear Lake 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 | Clear Lake |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | - |
| Gross rental yield (houses) | 4.19% | 4.66% |
| Gross rental yield (units) | 4.60% | - |
| 1-year house growth | +7.9% | - |
| 3-year house growth | +7.9% | - |
| Vacancy rate | 0.9% | 1.7% |
| Population | 2,801 | 57 |
Alexandra vs Clear Lake: what the numbers say
On cash flow, Clear Lake leads: houses there return a gross rental yield of 4.66%, compared with 4.19% in Alexandra, a gap of 0.47 percentage points.
Rental vacancy is 0.9% in Alexandra and 1.7% in Clear Lake, 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 57, roughly 49 times the size of Clear Lake; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Clear Lake 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.
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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