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Alexandra vs Tesbury

Property investment comparison - Alexandra, VIC 3714 vs Tesbury, VIC 3260

Head-to-head across core investment metrics: Alexandra wins 1, Tesbury 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.

MetricAlexandraTesbury
Median house price$535K-
Median unit price--
Gross rental yield (houses)4.19%3.25%
Gross rental yield (units)4.60%-
1-year house growth+7.9%-
3-year house growth+7.9%-
Vacancy rate0.9%0.3%
Population2,801110

Alexandra vs Tesbury: what the numbers say

On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 3.25% in Tesbury, a gap of 0.94 percentage points.

Rental vacancy is 0.3% in Tesbury and 0.9% in Alexandra, so landlords in Tesbury 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 110, roughly 25 times the size of Tesbury; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Alexandra for rental income, Tesbury 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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