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Alexandra vs Dunkeld

Property investment comparison - Alexandra, VIC 3714 vs Dunkeld, VIC 3294

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

MetricAlexandraDunkeld
Median house price$535K-
Median unit price--
Gross rental yield (houses)4.19%4.94%
Gross rental yield (units)4.60%2.82%
1-year house growth+7.9%-4.1%estimate
3-year house growth+7.9%-
Vacancy rate0.9%0.9%
Population2,801688

Alexandra vs Dunkeld: what the numbers say

On cash flow, Dunkeld leads: houses there return a gross rental yield of 4.94%, compared with 4.19% in Alexandra, a gap of 0.75 percentage points.

Over the past year house prices moved +7.9% in Alexandra and -4.1% in Dunkeld (an estimate), so recent momentum favours Alexandra, while Dunkeld went backwards.

Rental vacancy is the same in both, at 0.9%.

Alexandra is the bigger suburb, with a population of 2,801 against 688, roughly 4.1 times the size of Dunkeld; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Dunkeld for rental income, Alexandra for recent price momentum. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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