Alfred Cove vs Lange

For units, Alfred Cove sits at a median of $740K against $750K in Lange, which makes Alfred Cove the more affordable unit market and Lange the pricier one.

On cash flow, Lange leads: houses there return a gross rental yield of 3.96%, compared with 3.10% in Alfred Cove, a gap of 0.86 percentage points.

Over the past year house prices moved +11.9% in Alfred Cove and +18.4% in Lange, so recent momentum favours Lange, although both suburbs recorded growth.

Looking back three years, Alfred Cove houses are +59.5% and Lange houses +69.6%, so Lange has compounded faster than Alfred Cove over the longer window.

Rental vacancy is 1.1% in Alfred Cove and 2.6% in Lange, 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.

Alfred Cove is the bigger suburb, with a population of 2,830 against 394, roughly 7 times the size of Lange; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Lange for rental income, Lange 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.