Allenby Gardens vs Kidman Park

For units, Allenby Gardens sits at a median of $920K against $530K in Kidman Park, which makes Kidman Park 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 2.98% in Kidman Park, a gap of 0.30 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +13.8% in Kidman Park, so recent momentum favours Kidman Park, although both suburbs recorded growth.

Looking back three years, Allenby Gardens houses are +33.1% and Kidman Park houses +37.7%, so Kidman Park has compounded faster than Allenby Gardens over the longer window.

Rental vacancy is 0.3% in Allenby Gardens and 0.6% in Kidman 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.

Kidman Park is the bigger suburb, with a population of 3,874 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, Kidman 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.