Alfred Cove vs Greenfields
Property investment comparison - Alfred Cove, WA 6154 vs Greenfields, WA 6210
Head-to-head across core investment metrics: Alfred Cove wins 2, Greenfields 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 | Alfred Cove | Greenfields |
|---|---|---|
| Median house price | $1.6M | - |
| Median unit price | $740K | - |
| Gross rental yield (houses) | 3.10% | 4.50% |
| Gross rental yield (units) | 5.26% | 5.20% |
| 1-year house growth | +11.9% | +17.3%estimate |
| 3-year house growth | +59.5% | - |
| Vacancy rate | 1.1% | 1.8% |
| Population | 2,830 | 9,869 |
Alfred Cove vs Greenfields: what the numbers say
On cash flow, Greenfields leads: houses there return a gross rental yield of 4.50%, compared with 3.10% in Alfred Cove, a gap of 1.40 percentage points.
Over the past year house prices moved +11.9% in Alfred Cove and +17.3% in Greenfields (an estimate), so recent momentum favours Greenfields, although both suburbs recorded growth.
Rental vacancy is 1.1% in Alfred Cove and 1.8% in Greenfields, so landlords in Alfred Cove face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Greenfields is the bigger suburb, with a population of 9,869 against 2,830, roughly 3.5 times the size of Alfred Cove; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Greenfields for rental income, Greenfields for recent price momentum, Alfred Cove 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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