Allenby Gardens vs Kingston Park

On cash flow, Allenby Gardens leads: houses there return a gross rental yield of 3.28%, compared with 2.09% in Kingston Park, a gap of 1.19 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +5.9% in Kingston Park, so recent momentum favours Allenby Gardens, although both suburbs recorded growth.

Looking back three years, Allenby Gardens houses are +33.1% and Kingston Park houses -28.4%, so Allenby Gardens has compounded faster than Kingston Park over the longer window.

Rental vacancy is 0.3% in Allenby Gardens and 1.6% in Kingston 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.

Allenby Gardens is the bigger suburb, with a population of 2,045 against 623, roughly 3.3 times the size of Kingston Park; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Allenby Gardens for rental income, Allenby 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.