Allenby Gardens vs Erindale
Property investment comparison - Allenby Gardens, SA 5009 vs Erindale, SA 5066
Head-to-head across core investment metrics: Allenby Gardens wins 2, Erindale 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 | Allenby Gardens | Erindale |
|---|---|---|
| Median house price | $1.2M | - |
| Median unit price | $920K | $570K |
| Gross rental yield (houses) | 3.28% | - |
| Gross rental yield (units) | - | 4.67% |
| 1-year house growth | +8.0% | +5.4% |
| 3-year house growth | +33.1% | +48.9% |
| Vacancy rate | 0.3% | 4.9% |
| Population | 2,045 | 1,172 |
Allenby Gardens vs Erindale: what the numbers say
For units, Allenby Gardens sits at a median of $920K against $570K in Erindale, which makes Erindale the more affordable unit market and Allenby Gardens the pricier one.
Over the past year house prices moved +8.0% in Allenby Gardens and +5.4% in Erindale, so recent momentum favours Allenby Gardens, although both suburbs recorded growth.
Looking back three years, Allenby Gardens houses are +33.1% and Erindale houses +48.9%, so Erindale has compounded faster than Allenby Gardens over the longer window.
Rental vacancy is 0.3% in Allenby Gardens and 4.9% in Erindale, so landlords in Allenby Gardens face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Allenby Gardens is the bigger suburb, with a population of 2,045 against 1,172, larger than Erindale; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Allenby Gardens for recent price momentum, Allenby Gardens 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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Allenby Gardens, SA 5009
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