Alexandra vs Gardenvale
Property investment comparison - Alexandra, VIC 3714 vs Gardenvale, VIC 3185
Head-to-head across core investment metrics: Alexandra wins 3, Gardenvale wins 2. 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 | Gardenvale |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $480K |
| Gross rental yield (houses) | 4.19% | 2.31% |
| Gross rental yield (units) | 4.60% | 4.80% |
| 1-year house growth | +7.9% | -0.8% |
| 3-year house growth | +7.9% | -7.4% |
| Vacancy rate | 0.9% | 0.9% |
| Population | 2,801 | 1,019 |
Alexandra vs Gardenvale: what the numbers say
On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 2.31% in Gardenvale, a gap of 1.88 percentage points.
Over the past year house prices moved +7.9% in Alexandra and -0.8% in Gardenvale, so recent momentum favours Alexandra, while Gardenvale went backwards.
Looking back three years, Alexandra houses are +7.9% and Gardenvale houses -7.4%, so Alexandra has compounded faster than Gardenvale over the longer window.
Rental vacancy is the same in both, at 0.9%.
Alexandra is the bigger suburb, with a population of 2,801 against 1,019, roughly 2.7 times the size of Gardenvale; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alexandra 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.
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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