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Alfred Cove vs Mundijong

Property investment comparison - Alfred Cove, WA 6154 vs Mundijong, WA 6123

Head-to-head across core investment metrics: Alfred Cove wins 1, Mundijong wins 1. 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 CoveMundijong
Median house price$1.6M-
Median unit price$740K$315K
Gross rental yield (houses)3.10%-
Gross rental yield (units)5.26%-
1-year house growth+11.9%-
3-year house growth+59.5%-
Vacancy rate1.1%2.4%
Population2,8301,246

Alfred Cove vs Mundijong: what the numbers say

For units, Alfred Cove sits at a median of $740K against $315K in Mundijong, which makes Mundijong the more affordable unit market and Alfred Cove the pricier one.

Rental vacancy is 1.1% in Alfred Cove and 2.4% in Mundijong, 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 1,246, roughly 2.3 times the size of Mundijong; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Alfred Cove 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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