Alfredton vs Blampied
Property investment comparison - Alfredton, VIC 3350 vs Blampied, VIC 3364
Head-to-head across core investment metrics: Alfredton wins 3, Blampied 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 | Alfredton | Blampied |
|---|---|---|
| Median house price | $660K | $665K |
| Median unit price | $410K | $815K |
| Gross rental yield (houses) | 3.78% | 4.29% |
| Gross rental yield (units) | 4.73% | - |
| 1-year house growth | +10.9% | - |
| 3-year house growth | +3.1% | - |
| Vacancy rate | 1.3% | 1.6% |
| Population | 11,822 | 237 |
Alfredton vs Blampied: what the numbers say
The median house price is $660K in Alfredton and $665K in Blampied, so Alfredton is the cheaper entry point, with Blampied houses about 1% dearer.
For units, Alfredton sits at a median of $410K against $815K in Blampied, which makes Alfredton the more affordable unit market and Blampied the pricier one.
On cash flow, Blampied leads: houses there return a gross rental yield of 4.29%, compared with 3.78% in Alfredton, a gap of 0.51 percentage points.
Rental vacancy is 1.3% in Alfredton and 1.6% in Blampied, so landlords in Alfredton face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Alfredton is the bigger suburb, with a population of 11,822 against 237, roughly 50 times the size of Blampied; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Blampied for rental income, Alfredton for a lower purchase price, Alfredton 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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