Alexandra vs Moonlight Flat
Property investment comparison - Alexandra, VIC 3714 vs Moonlight Flat, VIC 3450
Head-to-head across core investment metrics: Alexandra wins 2, Moonlight Flat 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 | Moonlight Flat |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $660K |
| Gross rental yield (houses) | 4.19% | 2.56% |
| Gross rental yield (units) | 4.60% | 3.54% |
| 1-year house growth | +7.9% | - |
| 3-year house growth | +7.9% | - |
| Vacancy rate | 0.9% | 0.7% |
| Population | 2,801 | 81 |
Alexandra vs Moonlight Flat: what the numbers say
On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 2.56% in Moonlight Flat, a gap of 1.63 percentage points.
Rental vacancy is 0.7% in Moonlight Flat and 0.9% in Alexandra, so landlords in Moonlight Flat 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 81, roughly 35 times the size of Moonlight Flat; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alexandra for rental income, Moonlight Flat 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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Moonlight Flat, VIC 3450
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