Aldgate vs Myrtle Bank
Property investment comparison - Aldgate, SA 5154 vs Myrtle Bank, SA 5064
Head-to-head across core investment metrics: Aldgate wins 1, Myrtle Bank wins 3. 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 | Aldgate | Myrtle Bank |
|---|---|---|
| Median house price | $1.6M | - |
| Median unit price | $535K | $760K |
| Gross rental yield (houses) | 2.46% | 2.52% |
| Gross rental yield (units) | 6.39% | - |
| 1-year house growth | +6.8%estimate | +11.8%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 1.2% | 0.5% |
| Population | 3,471 | 3,158 |
Aldgate vs Myrtle Bank: what the numbers say
For units, Aldgate sits at a median of $535K against $760K in Myrtle Bank, which makes Aldgate the more affordable unit market and Myrtle Bank the pricier one.
On cash flow, Myrtle Bank leads: houses there return a gross rental yield of 2.52%, compared with 2.46% in Aldgate, a gap of 0.06 percentage points.
Over the past year house prices moved +6.8% in Aldgate (an estimate) and +11.8% in Myrtle Bank (an estimate), so recent momentum favours Myrtle Bank, although both suburbs recorded growth.
Rental vacancy is 0.5% in Myrtle Bank and 1.2% in Aldgate, so landlords in Myrtle Bank face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Aldgate is the bigger suburb, with a population of 3,471 against 3,158, larger than Myrtle Bank; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Myrtle Bank for rental income, Myrtle Bank for recent price momentum, Myrtle Bank 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
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison