Allenby Gardens vs Gillman

For units, Allenby Gardens sits at a median of $920K against $980K in Gillman, which makes Allenby Gardens the more affordable unit market and Gillman the pricier one.

On cash flow, Allenby Gardens leads: houses there return a gross rental yield of 3.28%, compared with 2.24% in Gillman, a gap of 1.04 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +13.0% in Gillman, so recent momentum favours Gillman, although both suburbs recorded growth.

Rental vacancy is 0.3% in Allenby Gardens and 3.5% in Gillman, 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 76, roughly 27 times the size of Gillman; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Allenby Gardens for rental income, Gillman 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.