Alexandra vs Lance Creek
Property investment comparison - Alexandra, VIC 3714 vs Lance Creek, VIC 3995
Head-to-head across core investment metrics: Alexandra wins 1, Lance Creek 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 | Lance Creek |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $195K |
| Gross rental yield (houses) | 4.19% | - |
| Gross rental yield (units) | 4.60% | 5.43% |
| 1-year house growth | +7.9% | - |
| 3-year house growth | +7.9% | - |
| Vacancy rate | 0.9% | 1.3% |
| Population | 2,801 | 143 |
Alexandra vs Lance Creek: what the numbers say
Rental vacancy is 0.9% in Alexandra and 1.3% in Lance Creek, 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 143, roughly 20 times the size of Lance Creek; a larger suburb usually means a deeper pool of buyers and tenants.
In short: 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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