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Alexandra vs Leongatha South

Property investment comparison - Alexandra, VIC 3714 vs Leongatha South, VIC 3953

Head-to-head across core investment metrics: Alexandra wins 4, Leongatha South 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.

MetricAlexandraLeongatha South
Median house price$535K-
Median unit price-$560K
Gross rental yield (houses)4.19%2.06%
Gross rental yield (units)4.60%3.83%
1-year house growth+7.9%+4.7%
3-year house growth+7.9%-
Vacancy rate0.9%2.4%
Population2,801616

Alexandra vs Leongatha South: what the numbers say

On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 2.06% in Leongatha South, a gap of 2.13 percentage points.

Over the past year house prices moved +7.9% in Alexandra and +4.7% in Leongatha South, so recent momentum favours Alexandra, although both suburbs recorded growth.

Rental vacancy is 0.9% in Alexandra and 2.4% in Leongatha 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 616, roughly 4.5 times the size of Leongatha South; 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.

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