Allenby Gardens vs Fairview Park

For units, Allenby Gardens sits at a median of $920K against $700K in Fairview Park, which makes Fairview Park the more affordable unit market and Allenby Gardens the pricier one.

On cash flow, Fairview Park leads: houses there return a gross rental yield of 3.75%, compared with 3.28% in Allenby Gardens, a gap of 0.47 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +13.4% in Fairview Park, so recent momentum favours Fairview Park, although both suburbs recorded growth.

Looking back three years, Allenby Gardens houses are +33.1% and Fairview Park houses +40.6%, so Fairview Park has compounded faster than Allenby Gardens over the longer window.

Rental vacancy is 0.3% in Allenby Gardens and 2.1% in Fairview Park, 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.

Fairview Park is the bigger suburb, with a population of 3,792 against 2,045, larger than Allenby Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Fairview Park for rental income, Fairview Park 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.