Alfred Cove vs Mira Mar
Property investment comparison - Alfred Cove, WA 6154 vs Mira Mar, WA 6330
Head-to-head across core investment metrics: Alfred Cove wins 1, Mira Mar 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.
| Metric | Alfred Cove | Mira Mar |
|---|---|---|
| Median house price | $1.6M | - |
| Median unit price | $740K | $485K |
| Gross rental yield (houses) | 3.10% | 3.74% |
| Gross rental yield (units) | 5.26% | 4.93% |
| 1-year house growth | +11.9% | - |
| 3-year house growth | +59.5% | +72.0% |
| Vacancy rate | 1.1% | 0.5% |
| Population | 2,830 | 1,890 |
Alfred Cove vs Mira Mar: what the numbers say
For units, Alfred Cove sits at a median of $740K against $485K in Mira Mar, which makes Mira Mar the more affordable unit market and Alfred Cove the pricier one.
On cash flow, Mira Mar leads: houses there return a gross rental yield of 3.74%, compared with 3.10% in Alfred Cove, a gap of 0.64 percentage points.
Looking back three years, Alfred Cove houses are +59.5% and Mira Mar houses +72.0%, so Mira Mar has compounded faster than Alfred Cove over the longer window.
Rental vacancy is 0.5% in Mira Mar and 1.1% in Alfred Cove, so landlords in Mira Mar 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 1,890, larger than Mira Mar; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Mira Mar for rental income, Mira Mar 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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