Alexandra vs Dalyston

Houses cost about the same in both suburbs: the median house price is $535K in Alexandra and $535K in Dalyston.

On cash flow, Dalyston leads: houses there return a gross rental yield of 4.96%, compared with 4.19% in Alexandra, a gap of 0.77 percentage points.

Over the past year house prices moved +7.9% in Alexandra and -0.7% in Dalyston, so recent momentum favours Alexandra, while Dalyston went backwards.

Looking back three years, Alexandra houses are +7.9% and Dalyston houses +1.4%, so Alexandra has compounded faster than Dalyston over the longer window.

Rental vacancy is 0.9% in Alexandra and 2.5% in Dalyston, 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 843, roughly 3.3 times the size of Dalyston; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Dalyston 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.