Alfredton vs Bridgewater
Property investment comparison - Alfredton, VIC 3350 vs Bridgewater, VIC 3516
Head-to-head across core investment metrics: Alfredton wins 2, Bridgewater 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 | Bridgewater |
|---|---|---|
| Median house price | $660K | $665K |
| Median unit price | $410K | - |
| Gross rental yield (houses) | 3.78% | 3.03% |
| Gross rental yield (units) | 4.73% | - |
| 1-year house growth | +10.9% | - |
| 3-year house growth | +3.1% | - |
| Vacancy rate | 1.3% | 0.8% |
| Population | 11,822 | 133 |
Alfredton vs Bridgewater: what the numbers say
The median house price is $660K in Alfredton and $665K in Bridgewater, so Alfredton is the cheaper entry point, with Bridgewater houses about 1% dearer.
On cash flow, Alfredton leads: houses there return a gross rental yield of 3.78%, compared with 3.03% in Bridgewater, a gap of 0.75 percentage points.
Rental vacancy is 0.8% in Bridgewater and 1.3% in Alfredton, so landlords in Bridgewater 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 133, roughly 89 times the size of Bridgewater; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alfredton for rental income, Alfredton for a lower purchase price, Bridgewater 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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