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Aldgate vs Surrey Downs

Property investment comparison - Aldgate, SA 5154 vs Surrey Downs, SA 5126

Head-to-head across core investment metrics: Aldgate wins 1, Surrey Downs 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.

MetricAldgateSurrey Downs
Median house price$1.6M-
Median unit price$535K-
Gross rental yield (houses)2.46%3.66%
Gross rental yield (units)6.39%1.86%
1-year house growth+6.8%estimate+16.0%
3-year house growth-+46.8%
Vacancy rate1.2%0.5%
Population3,4713,358

Aldgate vs Surrey Downs: what the numbers say

On cash flow, Surrey Downs leads: houses there return a gross rental yield of 3.66%, compared with 2.46% in Aldgate, a gap of 1.20 percentage points.

Over the past year house prices moved +6.8% in Aldgate (an estimate) and +16.0% in Surrey Downs, so recent momentum favours Surrey Downs, although both suburbs recorded growth.

Rental vacancy is 0.5% in Surrey Downs and 1.2% in Aldgate, so landlords in Surrey Downs 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 3,358, larger than Surrey Downs; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Surrey Downs for rental income, Surrey Downs for recent price momentum, Surrey Downs 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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