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Aldgate vs Henley Beach

Property investment comparison - Aldgate, SA 5154 vs Henley Beach, SA 5022

Head-to-head across core investment metrics: Aldgate wins 3, Henley Beach wins 2. 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.

MetricAldgateHenley Beach
Median house price$1.6M-
Median unit price$535K$960K
Gross rental yield (houses)2.46%2.65%
Gross rental yield (units)6.39%3.08%
1-year house growth+6.8%estimate+5.1%
3-year house growth-+22.9%
Vacancy rate1.2%1.1%
Population3,4716,259

Aldgate vs Henley Beach: what the numbers say

For units, Aldgate sits at a median of $535K against $960K in Henley Beach, which makes Aldgate the more affordable unit market and Henley Beach the pricier one.

On cash flow, Henley Beach leads: houses there return a gross rental yield of 2.65%, compared with 2.46% in Aldgate, a gap of 0.19 percentage points.

Over the past year house prices moved +6.8% in Aldgate (an estimate) and +5.1% in Henley Beach, so recent momentum favours Aldgate, although both suburbs recorded growth.

Rental vacancy is 1.1% in Henley Beach and 1.2% in Aldgate, so landlords in Henley Beach face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Henley Beach is the bigger suburb, with a population of 6,259 against 3,471, larger than Aldgate; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Henley Beach for rental income, Aldgate for recent price momentum, Henley Beach for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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