Allenby Gardens vs Glandore

For units, Allenby Gardens sits at a median of $920K against $760K in Glandore, which makes Glandore 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 3.00% in Glandore, a gap of 0.28 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +8.8% in Glandore, so recent momentum favours Glandore, although both suburbs recorded growth.

Looking back three years, Allenby Gardens houses are +33.1% and Glandore houses +38.8%, so Glandore has compounded faster than Allenby Gardens over the longer window.

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

Glandore is the bigger suburb, with a population of 3,041 against 2,045, larger than Allenby Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

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