Allenby Gardens vs Ferryden Park

On cash flow, Ferryden Park leads: houses there return a gross rental yield of 3.71%, compared with 3.28% in Allenby Gardens, a gap of 0.43 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +9.9% in Ferryden Park, so recent momentum favours Ferryden Park, although both suburbs recorded growth.

Looking back three years, Allenby Gardens houses are +33.1% and Ferryden Park houses +27.9%, so Allenby Gardens has compounded faster than Ferryden Park over the longer window.

Rental vacancy is 0.3% in Ferryden Park and 0.3% in Allenby Gardens, so landlords in Ferryden Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Ferryden Park is the bigger suburb, with a population of 4,495 against 2,045, roughly 2.2 times the size of Allenby Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Ferryden Park for rental income, Ferryden Park for recent price momentum, Ferryden Park for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.