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Aldgate vs Stepney

Property investment comparison - Aldgate, SA 5154 vs Stepney, SA 5069

Head-to-head across core investment metrics: Aldgate wins 0, Stepney 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.

MetricAldgateStepney
Median house price$1.6M-
Median unit price$535K-
Gross rental yield (houses)2.46%3.00%
Gross rental yield (units)6.39%-
1-year house growth+6.8%estimate-
3-year house growth--
Vacancy rate1.2%1.1%
Population3,471942

Aldgate vs Stepney: what the numbers say

On cash flow, Stepney leads: houses there return a gross rental yield of 3.00%, compared with 2.46% in Aldgate, a gap of 0.54 percentage points.

Rental vacancy is the same in both, at 1.2%.

Aldgate is the bigger suburb, with a population of 3,471 against 942, roughly 3.7 times the size of Stepney; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Stepney for rental income. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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