Alexandra vs Upper Gundowring
Property investment comparison - Alexandra, VIC 3714 vs Upper Gundowring, VIC 3691
Head-to-head across core investment metrics: Alexandra wins 2, Upper Gundowring 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 | Upper Gundowring |
|---|---|---|
| Median house price | $535K | - |
| Median unit price | - | - |
| Gross rental yield (houses) | 4.19% | 3.16% |
| Gross rental yield (units) | 4.60% | - |
| 1-year house growth | +7.9% | - |
| 3-year house growth | +7.9% | - |
| Vacancy rate | 0.9% | 6.0% |
| Population | 2,801 | 120 |
Alexandra vs Upper Gundowring: what the numbers say
On cash flow, Alexandra leads: houses there return a gross rental yield of 4.19%, compared with 3.16% in Upper Gundowring, a gap of 1.03 percentage points.
Rental vacancy is 0.9% in Alexandra and 6.0% in Upper Gundowring, 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 120, roughly 23 times the size of Upper Gundowring; 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.
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Upper Gundowring, VIC 3691
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