Alexandra vs Eganstown
Property investment comparison - Alexandra, VIC 3714 vs Eganstown, VIC 3461
Head-to-head across core investment metrics: Alexandra wins 4, Eganstown wins 0. 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 | Eganstown |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $575K |
| Gross rental yield (houses) | 4.19% | 1.90% |
| Gross rental yield (units) | 4.60% | 4.05% |
| 1-year house growth | +7.9% | - |
| 3-year house growth | +7.9% | +4.7% |
| Vacancy rate | 0.9% | 5.7% |
| Population | 2,801 | 206 |
Alexandra vs Eganstown: what the numbers say
On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 1.90% in Eganstown, a gap of 2.29 percentage points.
Looking back three years, Alexandra houses are +7.9% and Eganstown houses +4.7%, so Alexandra has compounded faster than Eganstown over the longer window.
Rental vacancy is 0.9% in Alexandra and 5.7% in Eganstown, 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 206, roughly 14 times the size of Eganstown; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alexandra 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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