Alexandra vs Don Valley
Property investment comparison - Alexandra, VIC 3714 vs Don Valley, VIC 3139
Head-to-head across core investment metrics: Alexandra wins 3, Don Valley 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 | Don Valley |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $680K |
| Gross rental yield (houses) | 4.19% | - |
| Gross rental yield (units) | 4.60% | 2.39% |
| 1-year house growth | +7.9% | +0.2% |
| 3-year house growth | +7.9% | +3.0% |
| Vacancy rate | 0.9% | 0.2% |
| Population | 2,801 | 586 |
Alexandra vs Don Valley: what the numbers say
Over the past year house prices moved +7.9% in Alexandra and +0.2% in Don Valley, so recent momentum favours Alexandra, although both suburbs recorded growth.
Looking back three years, Alexandra houses are +7.9% and Don Valley houses +3.0%, so Alexandra has compounded faster than Don Valley over the longer window.
Rental vacancy is 0.2% in Don Valley and 0.9% in Alexandra, so landlords in Don Valley 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 586, roughly 4.8 times the size of Don Valley; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alexandra for recent price momentum, Don Valley 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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