Aldgate vs Penfield Gardens
Property investment comparison - Aldgate, SA 5154 vs Penfield Gardens, SA 5121
Head-to-head across core investment metrics: Aldgate wins 1, Penfield Gardens 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 | Aldgate | Penfield Gardens |
|---|---|---|
| Median house price | $1.6M | - |
| Median unit price | $535K | - |
| Gross rental yield (houses) | 2.46% | 2.84% |
| Gross rental yield (units) | 6.39% | - |
| 1-year house growth | +6.8%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.2% | 2.7% |
| Population | 3,471 | 304 |
Aldgate vs Penfield Gardens: what the numbers say
On cash flow, Penfield Gardens leads: houses there return a gross rental yield of 2.84%, compared with 2.46% in Aldgate, a gap of 0.38 percentage points.
Rental vacancy is 1.2% in Aldgate and 2.7% in Penfield Gardens, so landlords in Aldgate 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 304, roughly 11 times the size of Penfield Gardens; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Penfield Gardens for rental income, Aldgate 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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Penfield Gardens, SA 5121
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