Alexandra vs Tarnagulla
Property investment comparison - Alexandra, VIC 3714 vs Tarnagulla, VIC 3551
Head-to-head across core investment metrics: Alexandra wins 3, Tarnagulla 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 | Tarnagulla |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $590K |
| Gross rental yield (houses) | 4.19% | 2.85% |
| Gross rental yield (units) | 4.60% | 4.12% |
| 1-year house growth | +7.9% | +19.6% |
| 3-year house growth | +7.9% | - |
| Vacancy rate | 0.9% | 1.6% |
| Population | 2,801 | 153 |
Alexandra vs Tarnagulla: what the numbers say
On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 2.85% in Tarnagulla, a gap of 1.34 percentage points.
Over the past year house prices moved +7.9% in Alexandra and +19.6% in Tarnagulla, so recent momentum favours Tarnagulla, although both suburbs recorded growth.
Rental vacancy is 0.9% in Alexandra and 1.6% in Tarnagulla, 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 153, roughly 18 times the size of Tarnagulla; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alexandra for rental income, Tarnagulla 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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