Alfred Cove vs Port Albany
Property investment comparison - Alfred Cove, WA 6154 vs Port Albany, WA 6330
Head-to-head across core investment metrics: Alfred Cove wins 1, Port Albany 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 | Port Albany |
|---|---|---|
| Median house price | $1.6M | - |
| Median unit price | $740K | $570K |
| Gross rental yield (houses) | 3.10% | 1.76% |
| Gross rental yield (units) | 5.26% | 5.70% |
| 1-year house growth | +11.9% | - |
| 3-year house growth | +59.5% | - |
| Vacancy rate | 1.1% | 0.3% |
| Population | 2,830 | 133 |
Alfred Cove vs Port Albany: what the numbers say
For units, Alfred Cove sits at a median of $740K against $570K in Port Albany, which makes Port Albany the more affordable unit market and Alfred Cove the pricier one.
On cash flow, Alfred Cove leads: houses there return a gross rental yield of 3.10%, compared with 1.76% in Port Albany, a gap of 1.34 percentage points.
Rental vacancy is 0.3% in Port Albany and 1.1% in Alfred Cove, so landlords in Port Albany 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 133, roughly 21 times the size of Port Albany; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alfred Cove for rental income, Port Albany 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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