Allenby Gardens vs Hampstead Gardens

The median house price is $1.2M in Allenby Gardens and $1.3M in Hampstead Gardens, so Allenby Gardens is the cheaper entry point, with Hampstead Gardens houses about 8% dearer.

On cash flow, Allenby Gardens leads: houses there return a gross rental yield of 3.28%, compared with 2.80% in Hampstead Gardens, a gap of 0.48 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +23.5% in Hampstead Gardens (an estimate), so recent momentum favours Hampstead Gardens, although both suburbs recorded growth.

Rental vacancy is 0.3% in Allenby Gardens and 0.9% in Hampstead 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.

Allenby Gardens is the bigger suburb, with a population of 2,045 against 1,535, larger than Hampstead Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Allenby Gardens for rental income, Allenby Gardens for a lower purchase price, Hampstead 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.