Allenby Gardens vs Fulham Gardens

For units, Allenby Gardens sits at a median of $920K against $725K in Fulham Gardens, which makes Fulham Gardens the more affordable unit market and Allenby Gardens the pricier one.

On cash flow, Allenby Gardens leads: houses there return a gross rental yield of 3.28%, compared with 2.85% in Fulham Gardens, a gap of 0.43 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +11.2% in Fulham Gardens (an estimate), so recent momentum favours Fulham Gardens, although both suburbs recorded growth.

Rental vacancy is 0.3% in Allenby Gardens and 1.1% in Fulham Gardens, 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.

Fulham Gardens is the bigger suburb, with a population of 6,573 against 2,045, roughly 3.2 times the size of Allenby Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Allenby Gardens for rental income, Fulham 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.