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Alfred Cove vs Beldon

Property investment comparison - Alfred Cove, WA 6154 vs Beldon, WA 6027

Head-to-head across core investment metrics: Alfred Cove wins 1, Beldon wins 4. 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.

MetricAlfred CoveBeldon
Median house price$1.6M-
Median unit price$740K-
Gross rental yield (houses)3.10%4.00%
Gross rental yield (units)5.26%3.78%
1-year house growth+11.9%+18.9%
3-year house growth+59.5%+67.6%
Vacancy rate1.1%0.5%
Population2,8304,094

Alfred Cove vs Beldon: what the numbers say

On cash flow, Beldon leads: houses there return a gross rental yield of 4.00%, compared with 3.10% in Alfred Cove, a gap of 0.90 percentage points.

Over the past year house prices moved +11.9% in Alfred Cove and +18.9% in Beldon, so recent momentum favours Beldon, although both suburbs recorded growth.

Looking back three years, Alfred Cove houses are +59.5% and Beldon houses +67.6%, so Beldon has compounded faster than Alfred Cove over the longer window.

Rental vacancy is 0.5% in Beldon and 1.1% in Alfred Cove, so landlords in Beldon face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Beldon is the bigger suburb, with a population of 4,094 against 2,830, larger than Alfred Cove; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Beldon for rental income, Beldon for recent price momentum, Beldon 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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