Alexandra vs Elphinstone
Property investment comparison - Alexandra, VIC 3714 vs Elphinstone, VIC 3448
Head-to-head across core investment metrics: Alexandra wins 2, Elphinstone 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 | Elphinstone |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $620K |
| Gross rental yield (houses) | 4.19% | 3.48% |
| Gross rental yield (units) | 4.60% | 2.78% |
| 1-year house growth | +7.9% | - |
| 3-year house growth | +7.9% | - |
| Vacancy rate | 0.9% | - |
| Population | 2,801 | 633 |
Alexandra vs Elphinstone: what the numbers say
On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 3.48% in Elphinstone, a gap of 0.71 percentage points.
Alexandra is the bigger suburb, with a population of 2,801 against 633, roughly 4.4 times the size of Elphinstone; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alexandra for rental income. 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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