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Aldgate vs Old Reynella

Property investment comparison - Aldgate, SA 5154 vs Old Reynella, SA 5161

Head-to-head across core investment metrics: Aldgate wins 1, Old Reynella 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.

MetricAldgateOld Reynella
Median house price$1.6M-
Median unit price$535K-
Gross rental yield (houses)2.46%3.90%
Gross rental yield (units)6.39%3.90%
1-year house growth+6.8%estimate+12.9%
3-year house growth-+50.4%
Vacancy rate1.2%0.7%
Population3,4713,458

Aldgate vs Old Reynella: what the numbers say

On cash flow, Old Reynella leads: houses there return a gross rental yield of 3.90%, compared with 2.46% in Aldgate, a gap of 1.44 percentage points.

Over the past year house prices moved +6.8% in Aldgate (an estimate) and +12.9% in Old Reynella, so recent momentum favours Old Reynella, although both suburbs recorded growth.

Rental vacancy is 0.7% in Old Reynella and 1.2% in Aldgate, so landlords in Old Reynella 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 3,458, larger than Old Reynella; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Old Reynella for rental income, Old Reynella for recent price momentum, Old Reynella 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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