Alphington vs Lorne
Property investment comparison - Alphington, VIC 3078 vs Lorne, VIC 3232
Head-to-head across core investment metrics: Alphington wins 4, Lorne 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 | Alphington | Lorne |
|---|---|---|
| Median house price | $2.0M | $2.0M |
| Median unit price | $785K | - |
| Gross rental yield (houses) | 2.46% | 1.65% |
| Gross rental yield (units) | 4.35% | 4.16% |
| 1-year house growth | +4.2%estimate | +4.0% |
| 3-year house growth | - | -11.3% |
| Vacancy rate | 1.8% | 0.4% |
| Population | 5,702 | 1,327 |
Alphington vs Lorne: what the numbers say
The median house price is $2.0M in Alphington and $2.0M in Lorne, so Alphington is the cheaper entry point, with Lorne houses about 2% dearer.
On cash flow, Alphington leads: houses there return a gross rental yield of 2.46%, compared with 1.65% in Lorne, a gap of 0.81 percentage points.
Over the past year house prices moved +4.2% in Alphington (an estimate) and +4.0% in Lorne, so recent momentum favours Alphington, although both suburbs recorded growth.
Rental vacancy is 0.4% in Lorne and 1.8% in Alphington, so landlords in Lorne face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Alphington is the bigger suburb, with a population of 5,702 against 1,327, roughly 4.3 times the size of Lorne; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alphington for rental income, Alphington for a lower purchase price, Alphington for recent price momentum, Lorne 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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