Aldgate vs Ovingham
Property investment comparison - Aldgate, SA 5154 vs Ovingham, SA 5082
Head-to-head across core investment metrics: Aldgate wins 2, Ovingham 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.
| Metric | Aldgate | Ovingham |
|---|---|---|
| Median house price | $1.6M | - |
| Median unit price | $535K | $630K |
| Gross rental yield (houses) | 2.46% | 4.02% |
| Gross rental yield (units) | 6.39% | 4.17% |
| 1-year house growth | +6.8%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.2% | 0.5% |
| Population | 3,471 | 766 |
Aldgate vs Ovingham: what the numbers say
For units, Aldgate sits at a median of $535K against $630K in Ovingham, which makes Aldgate the more affordable unit market and Ovingham the pricier one.
On cash flow, Ovingham leads: houses there return a gross rental yield of 4.02%, compared with 2.46% in Aldgate, a gap of 1.56 percentage points.
Rental vacancy is 0.5% in Ovingham and 1.2% in Aldgate, so landlords in Ovingham 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 766, roughly 4.5 times the size of Ovingham; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Ovingham for rental income, Ovingham 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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