Alexandra vs Eagle Point
Property investment comparison - Alexandra, VIC 3714 vs Eagle Point, VIC 3878
Head-to-head across core investment metrics: Alexandra wins 2, Eagle Point wins 3. 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 | Eagle Point |
|---|---|---|
| Median house price | $535K | $525K |
| Median unit price | - | - |
| Gross rental yield (houses) | 4.19% | 5.40% |
| Gross rental yield (units) | 4.60% | 5.64% |
| 1-year house growth | +7.9% | +1.1%estimate |
| 3-year house growth | +7.9% | - |
| Vacancy rate | 0.9% | 4.5% |
| Population | 2,801 | 1,306 |
Alexandra vs Eagle Point: what the numbers say
The median house price is $535K in Alexandra and $525K in Eagle Point, so Eagle Point is the cheaper entry point, with Alexandra houses about 2% dearer.
On cash flow, Eagle Point leads: houses there return a gross rental yield of 5.40%, compared with 4.19% in Alexandra, a gap of 1.21 percentage points.
Over the past year house prices moved +7.9% in Alexandra and +1.1% in Eagle Point (an estimate), so recent momentum favours Alexandra, although both suburbs recorded growth.
Rental vacancy is 0.9% in Alexandra and 4.5% in Eagle Point, 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 1,306, roughly 2.1 times the size of Eagle Point; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Eagle Point for rental income, Eagle Point for a lower purchase price, 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.
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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