Alfred Cove vs Upper Swan
Property investment comparison - Alfred Cove, WA 6154 vs Upper Swan, WA 6069
Head-to-head across core investment metrics: Alfred Cove wins 3, Upper Swan 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.
| Metric | Alfred Cove | Upper Swan |
|---|---|---|
| Median house price | $1.6M | - |
| Median unit price | $740K | $840K |
| Gross rental yield (houses) | 3.10% | - |
| Gross rental yield (units) | 5.26% | 2.17% |
| 1-year house growth | +11.9% | +20.0%estimate |
| 3-year house growth | +59.5% | - |
| Vacancy rate | 1.1% | 7.2% |
| Population | 2,830 | 549 |
Alfred Cove vs Upper Swan: what the numbers say
For units, Alfred Cove sits at a median of $740K against $840K in Upper Swan, which makes Alfred Cove the more affordable unit market and Upper Swan the pricier one.
Over the past year house prices moved +11.9% in Alfred Cove and +20.0% in Upper Swan (an estimate), so recent momentum favours Upper Swan, although both suburbs recorded growth.
Rental vacancy is 1.1% in Alfred Cove and 7.2% in Upper Swan, 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 549, roughly 5 times the size of Upper Swan; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Upper Swan 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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