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Alexandra vs Pirron Yallock

Property investment comparison - Alexandra, VIC 3714 vs Pirron Yallock, VIC 3249

Head-to-head across core investment metrics: Alexandra wins 1, Pirron Yallock wins 3. 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.

MetricAlexandraPirron Yallock
Median house price$535K$530K
Median unit price-$250K
Gross rental yield (houses)4.19%4.53%
Gross rental yield (units)4.60%4.68%
1-year house growth+7.9%-
3-year house growth+7.9%-
Vacancy rate0.9%1.2%
Population2,801132

Alexandra vs Pirron Yallock: what the numbers say

The median house price is $535K in Alexandra and $530K in Pirron Yallock, so Pirron Yallock is the cheaper entry point, with Alexandra houses about 1% dearer.

On cash flow, Pirron Yallock leads: houses there return a gross rental yield of 4.53%, compared with 4.19% in Alexandra, a gap of 0.34 percentage points.

Rental vacancy is 0.9% in Alexandra and 1.2% in Pirron Yallock, 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 132, roughly 21 times the size of Pirron Yallock; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Pirron Yallock for rental income, Pirron Yallock for a lower purchase price, 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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