Alexandra vs Heathcote South
Property investment comparison - Alexandra, VIC 3714 vs Heathcote South, VIC 3523
Head-to-head across core investment metrics: Alexandra wins 2, Heathcote South 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.
| Metric | Alexandra | Heathcote South |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $430K |
| Gross rental yield (houses) | 4.19% | 2.93% |
| Gross rental yield (units) | 4.60% | 4.84% |
| 1-year house growth | +7.9% | - |
| 3-year house growth | +7.9% | - |
| Vacancy rate | 0.9% | 2.1% |
| Population | 2,801 | 22 |
Alexandra vs Heathcote South: what the numbers say
On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 2.93% in Heathcote South, a gap of 1.26 percentage points.
Rental vacancy is 0.9% in Alexandra and 2.1% in Heathcote South, 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 22, roughly 127 times the size of Heathcote South; 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.
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Heathcote South, VIC 3523
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