Alexandra vs Macorna North
Property investment comparison - Alexandra, VIC 3714 vs Macorna North, VIC 3568
Head-to-head across core investment metrics: Alexandra wins 2, Macorna North 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 | Macorna North |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | - |
| Gross rental yield (houses) | 4.19% | 4.17% |
| Gross rental yield (units) | 4.60% | - |
| 1-year house growth | +7.9% | - |
| 3-year house growth | +7.9% | - |
| Vacancy rate | 0.9% | 3.1% |
| Population | 2,801 | 31 |
Alexandra vs Macorna North: what the numbers say
Gross rental yield on houses is effectively level, at 4.19% in Alexandra and 4.17% in Macorna North, so neither suburb has a cash flow edge on houses.
Rental vacancy is 0.9% in Alexandra and 3.1% in Macorna North, 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 31, roughly 90 times the size of Macorna North; 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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