Alexandra vs Waterford
Property investment comparison - Alexandra, VIC 3714 vs Waterford, VIC 3862
Head-to-head across core investment metrics: Alexandra wins 1, Waterford wins 2. 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 | Waterford |
|---|---|---|
| Median house price | $535K | $535K |
| Median unit price | - | $360K |
| Gross rental yield (houses) | 4.19% | 4.92% |
| Gross rental yield (units) | 4.60% | 4.15% |
| 1-year house growth | +7.9% | - |
| 3-year house growth | +7.9% | - |
| Vacancy rate | 0.9% | 0.7% |
| Population | 2,801 | - |
Alexandra vs Waterford: what the numbers say
Houses cost about the same in both suburbs: the median house price is $535K in Alexandra and $535K in Waterford.
On cash flow, Waterford leads: houses there return a gross rental yield of 4.92%, compared with 4.19% in Alexandra, a gap of 0.73 percentage points.
Rental vacancy is 0.7% in Waterford and 0.9% in Alexandra, so landlords in Waterford face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
In short: Waterford for rental income, Waterford 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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