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Allenby Gardens vs Exeter

Property investment comparison - Allenby Gardens, SA 5009 vs Exeter, SA 5019

Head-to-head across core investment metrics: Allenby Gardens wins 1, Exeter 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.

MetricAllenby GardensExeter
Median house price$1.2M-
Median unit price$920K-
Gross rental yield (houses)3.28%-
Gross rental yield (units)-4.24%
1-year house growth+8.0%+9.2%
3-year house growth+33.1%+45.6%
Vacancy rate0.3%1.1%
Population2,0451,066

Allenby Gardens vs Exeter: what the numbers say

Over the past year house prices moved +8.0% in Allenby Gardens and +9.2% in Exeter, so recent momentum favours Exeter, although both suburbs recorded growth.

Looking back three years, Allenby Gardens houses are +33.1% and Exeter houses +45.6%, so Exeter has compounded faster than Allenby Gardens over the longer window.

Rental vacancy is 0.3% in Allenby Gardens and 1.1% in Exeter, 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 1,066, larger than Exeter; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Exeter 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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