Allenby Gardens vs Flinders Park

The median house price is $1.2M in Allenby Gardens and $1.2M in Flinders Park, so Allenby Gardens is the cheaper entry point, with Flinders Park houses about 6% dearer.

For units, Allenby Gardens sits at a median of $920K against $675K in Flinders Park, which makes Flinders Park the more affordable unit market and Allenby Gardens the pricier one.

Over the past year house prices moved +8.0% in Allenby Gardens and +15.5% in Flinders Park, so recent momentum favours Flinders Park, although both suburbs recorded growth.

Looking back three years, Allenby Gardens houses are +33.1% and Flinders Park houses +49.6%, so Flinders Park has compounded faster than Allenby Gardens over the longer window.

Rental vacancy is 0.3% in Allenby Gardens and 1.1% in Flinders 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.

Flinders Park is the bigger suburb, with a population of 5,489 against 2,045, roughly 2.7 times the size of Allenby Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Allenby Gardens for a lower purchase price, Flinders 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.