Alexandra vs Sawmill Settlement
Property investment comparison - Alexandra, VIC 3714 vs Sawmill Settlement, VIC 3723
Head-to-head across core investment metrics: Alexandra wins 3, Sawmill Settlement 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 | Sawmill Settlement |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $545K |
| Gross rental yield (houses) | 4.19% | - |
| Gross rental yield (units) | 4.60% | 7.70% |
| 1-year house growth | +7.9% | +1.8% |
| 3-year house growth | +7.9% | -5.9% |
| Vacancy rate | 0.9% | 1.8% |
| Population | 2,801 | 86 |
Alexandra vs Sawmill Settlement: what the numbers say
Over the past year house prices moved +7.9% in Alexandra and +1.8% in Sawmill Settlement, so recent momentum favours Alexandra, although both suburbs recorded growth.
Looking back three years, Alexandra houses are +7.9% and Sawmill Settlement houses -5.9%, so Alexandra has compounded faster than Sawmill Settlement over the longer window.
Rental vacancy is 0.9% in Alexandra and 1.8% in Sawmill Settlement, 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 86, roughly 33 times the size of Sawmill Settlement; 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.
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Sawmill Settlement, VIC 3723
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