Alfred Cove vs North Fremantle

For units, Alfred Cove sits at a median of $740K against $1.3M in North Fremantle, which makes Alfred Cove the more affordable unit market and North Fremantle the pricier one.

On cash flow, Alfred Cove leads: houses there return a gross rental yield of 3.10%, compared with 2.88% in North Fremantle, a gap of 0.22 percentage points.

Over the past year house prices moved +11.9% in Alfred Cove and +23.8% in North Fremantle, so recent momentum favours North Fremantle, although both suburbs recorded growth.

Looking back three years, Alfred Cove houses are +59.5% and North Fremantle houses +39.6%, so Alfred Cove has compounded faster than North Fremantle over the longer window.

Rental vacancy is 0.9% in North Fremantle and 1.1% in Alfred Cove, so landlords in North Fremantle face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

North Fremantle is the bigger suburb, with a population of 3,947 against 2,830, larger than Alfred Cove; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Alfred Cove for rental income, North Fremantle for recent price momentum, North Fremantle for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.