Alexandra vs Leonards Hill
Property investment comparison - Alexandra, VIC 3714 vs Leonards Hill, VIC 3461
Head-to-head across core investment metrics: Alexandra wins 2, Leonards Hill wins 0. 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 | Leonards Hill |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | - |
| Gross rental yield (houses) | 4.19% | 3.10% |
| Gross rental yield (units) | 4.60% | - |
| 1-year house growth | +7.9% | - |
| 3-year house growth | +7.9% | - |
| Vacancy rate | 0.9% | 3.4% |
| Population | 2,801 | 47 |
Alexandra vs Leonards Hill: what the numbers say
On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 3.10% in Leonards Hill, a gap of 1.09 percentage points.
Rental vacancy is 0.9% in Alexandra and 3.4% in Leonards Hill, 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 47, roughly 60 times the size of Leonards Hill; 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.
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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