Alfred Cove vs Millendon
Property investment comparison - Alfred Cove, WA 6154 vs Millendon, WA 6056
Head-to-head across core investment metrics: Alfred Cove wins 4, Millendon 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 | Alfred Cove | Millendon |
|---|---|---|
| Median house price | $1.6M | - |
| Median unit price | $740K | $820K |
| Gross rental yield (houses) | 3.10% | 1.78% |
| Gross rental yield (units) | 5.26% | 5.10% |
| 1-year house growth | +11.9% | - |
| 3-year house growth | +59.5% | - |
| Vacancy rate | 1.1% | 4.9% |
| Population | 2,830 | 490 |
Alfred Cove vs Millendon: what the numbers say
For units, Alfred Cove sits at a median of $740K against $820K in Millendon, which makes Alfred Cove the more affordable unit market and Millendon the pricier one.
On cash flow, Alfred Cove leads: houses there return a gross rental yield of 3.10%, compared with 1.78% in Millendon, a gap of 1.32 percentage points.
Rental vacancy is 1.1% in Alfred Cove and 4.9% in Millendon, 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 490, roughly 6 times the size of Millendon; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alfred Cove for rental income, 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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