Alexandra vs Indented Head
Property investment comparison - Alexandra, VIC 3714 vs Indented Head, VIC 3223
Head-to-head across core investment metrics: Alexandra wins 4, Indented Head 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 | Indented Head |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | - |
| Gross rental yield (houses) | 4.19% | 3.70% |
| Gross rental yield (units) | 4.60% | 5.28% |
| 1-year house growth | +7.9% | -3.8% |
| 3-year house growth | +7.9% | -12.2% |
| Vacancy rate | 0.9% | 1.6% |
| Population | 2,801 | 1,391 |
Alexandra vs Indented Head: what the numbers say
On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 3.70% in Indented Head, a gap of 0.49 percentage points.
Over the past year house prices moved +7.9% in Alexandra and -3.8% in Indented Head, so recent momentum favours Alexandra, while Indented Head went backwards.
Looking back three years, Alexandra houses are +7.9% and Indented Head houses -12.2%, so Alexandra has compounded faster than Indented Head over the longer window.
Rental vacancy is 0.9% in Alexandra and 1.6% in Indented Head, 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 1,391, roughly 2.0 times the size of Indented Head; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alexandra for rental income, 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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