Alexandra vs Pheasant Creek
Property investment comparison - Alexandra, VIC 3714 vs Pheasant Creek, VIC 3757
Head-to-head across core investment metrics: Alexandra wins 2, Pheasant Creek 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 | Pheasant Creek |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $650K |
| Gross rental yield (houses) | 4.19% | - |
| Gross rental yield (units) | 4.60% | 3.68% |
| 1-year house growth | +7.9% | - |
| 3-year house growth | +7.9% | - |
| Vacancy rate | 0.9% | 1.1% |
| Population | 2,801 | 360 |
Alexandra vs Pheasant Creek: what the numbers say
Rental vacancy is 0.9% in Alexandra and 1.1% in Pheasant Creek, 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 360, roughly 8 times the size of Pheasant Creek; 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.
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Pheasant Creek, VIC 3757
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