Alexandra vs Korumburra South
Property investment comparison - Alexandra, VIC 3714 vs Korumburra South, VIC 3950
Head-to-head across core investment metrics: Alexandra wins 3, Korumburra 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 | Korumburra South |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $460K |
| Gross rental yield (houses) | 4.19% | 2.94% |
| Gross rental yield (units) | 4.60% | 4.17% |
| 1-year house growth | +7.9% | +5.5% |
| 3-year house growth | +7.9% | - |
| Vacancy rate | 0.9% | 0.4% |
| Population | 2,801 | 114 |
Alexandra vs Korumburra South: what the numbers say
On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 2.94% in Korumburra South, a gap of 1.25 percentage points.
Over the past year house prices moved +7.9% in Alexandra and +5.5% in Korumburra South, so recent momentum favours Alexandra, although both suburbs recorded growth.
Rental vacancy is 0.4% in Korumburra South and 0.9% in Alexandra, so landlords in Korumburra South 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 114, roughly 25 times the size of Korumburra South; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alexandra for rental income, Alexandra for recent price momentum, Korumburra South 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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Korumburra South, VIC 3950
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