Alexandra vs Omeo
Property investment comparison - Alexandra, VIC 3714 vs Omeo, VIC 3898
Head-to-head across core investment metrics: Alexandra wins 3, Omeo 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 | Omeo |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $435K |
| Gross rental yield (houses) | 4.19% | - |
| Gross rental yield (units) | 4.60% | 2.39% |
| 1-year house growth | +7.9% | +7.1% |
| 3-year house growth | +7.9% | +8.1% |
| Vacancy rate | 0.9% | 1.8% |
| Population | 2,801 | 411 |
Alexandra vs Omeo: what the numbers say
Over the past year house prices moved +7.9% in Alexandra and +7.1% in Omeo, so recent momentum favours Alexandra, although both suburbs recorded growth.
Looking back three years, Alexandra houses are +7.9% and Omeo houses +8.1%, so Omeo has compounded faster than Alexandra over the longer window.
Rental vacancy is 0.9% in Alexandra and 1.8% in Omeo, 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 411, roughly 7 times the size of Omeo; a larger suburb usually means a deeper pool of buyers and tenants.
In short: 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.
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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