Alexandra vs Toolern Vale
Property investment comparison - Alexandra, VIC 3714 vs Toolern Vale, VIC 3337
Head-to-head across core investment metrics: Alexandra wins 3, Toolern Vale 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 | Toolern Vale |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | $660K |
| Gross rental yield (houses) | 4.19% | 2.47% |
| Gross rental yield (units) | 4.60% | 3.04% |
| 1-year house growth | +7.9% | - |
| 3-year house growth | +7.9% | - |
| Vacancy rate | 0.9% | 3.3% |
| Population | 2,801 | 818 |
Alexandra vs Toolern Vale: what the numbers say
On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 2.47% in Toolern Vale, a gap of 1.72 percentage points.
Rental vacancy is 0.9% in Alexandra and 3.3% in Toolern Vale, 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 818, roughly 3.4 times the size of Toolern Vale; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alexandra for rental income, 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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