Alfred Cove vs Oldbury
Property investment comparison - Alfred Cove, WA 6154 vs Oldbury, WA 6121
Head-to-head across core investment metrics: Alfred Cove wins 2, Oldbury wins 3. 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 | Oldbury |
|---|---|---|
| Median house price | $1.6M | - |
| Median unit price | $740K | $695K |
| Gross rental yield (houses) | 3.10% | - |
| Gross rental yield (units) | 5.26% | 2.25% |
| 1-year house growth | +11.9% | +19.3% |
| 3-year house growth | +59.5% | +62.3% |
| Vacancy rate | 1.1% | 3.4% |
| Population | 2,830 | 296 |
Alfred Cove vs Oldbury: what the numbers say
For units, Alfred Cove sits at a median of $740K against $695K in Oldbury, which makes Oldbury the more affordable unit market and Alfred Cove the pricier one.
Over the past year house prices moved +11.9% in Alfred Cove and +19.3% in Oldbury, so recent momentum favours Oldbury, although both suburbs recorded growth.
Looking back three years, Alfred Cove houses are +59.5% and Oldbury houses +62.3%, so Oldbury has compounded faster than Alfred Cove over the longer window.
Rental vacancy is 1.1% in Alfred Cove and 3.4% in Oldbury, 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 296, roughly 10 times the size of Oldbury; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Oldbury 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.
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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