Alfredton vs Woorinen
Property investment comparison - Alfredton, VIC 3350 vs Woorinen, VIC 3589
Head-to-head across core investment metrics: Alfredton wins 2, Woorinen 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 | Woorinen |
|---|---|---|
| Median house price | $670K | $675K |
| Median unit price | $420K | - |
| Gross rental yield (houses) | 3.75% | 3.89% |
| Gross rental yield (units) | 4.74% | - |
| 1-year house growth | +11.1%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.9% | 2.3% |
| Population | 11,822 | 262 |
Alfredton vs Woorinen: what the numbers say
The median house price is $670K in Alfredton and $675K in Woorinen, so Alfredton is the cheaper entry point, with Woorinen houses about 1% dearer.
On cash flow, Woorinen leads: houses there return a gross rental yield of 3.89%, compared with 3.75% in Alfredton, a gap of 0.14 percentage points.
Rental vacancy is 1.9% in Alfredton and 2.3% in Woorinen, 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 262, roughly 45 times the size of Woorinen; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Woorinen 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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