Alfred Cove vs Piesse Brook
Property investment comparison - Alfred Cove, WA 6154 vs Piesse Brook, WA 6076
Head-to-head across core investment metrics: Alfred Cove wins 3, Piesse Brook wins 2. 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 | Piesse Brook |
|---|---|---|
| Median house price | $1.6M | - |
| Median unit price | $740K | $375K |
| Gross rental yield (houses) | 3.10% | 3.62% |
| Gross rental yield (units) | 5.26% | 4.43% |
| 1-year house growth | +11.9% | +10.6% |
| 3-year house growth | +59.5% | - |
| Vacancy rate | 1.1% | 5.1% |
| Population | 2,830 | 214 |
Alfred Cove vs Piesse Brook: what the numbers say
For units, Alfred Cove sits at a median of $740K against $375K in Piesse Brook, which makes Piesse Brook the more affordable unit market and Alfred Cove the pricier one.
On cash flow, Piesse Brook leads: houses there return a gross rental yield of 3.62%, compared with 3.10% in Alfred Cove, a gap of 0.52 percentage points.
Over the past year house prices moved +11.9% in Alfred Cove and +10.6% in Piesse Brook, so recent momentum favours Alfred Cove, although both suburbs recorded growth.
Rental vacancy is 1.1% in Alfred Cove and 5.1% in Piesse Brook, 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 214, roughly 13 times the size of Piesse Brook; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Piesse Brook for rental income, Alfred Cove 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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