Allenby Gardens vs Macdonald Park

For units, Allenby Gardens sits at a median of $920K against $680K in Macdonald Park, which makes Macdonald 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 1.58% in Macdonald Park, a gap of 1.70 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +9.0% in Macdonald Park, so recent momentum favours Macdonald Park, although both suburbs recorded growth.

Looking back three years, Allenby Gardens houses are +33.1% and Macdonald Park houses +34.0%, so Macdonald Park has compounded faster than Allenby Gardens over the longer window.

Rental vacancy is 0.3% in Allenby Gardens and 7.7% in Macdonald 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 503, roughly 4.1 times the size of Macdonald Park; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Allenby Gardens for rental income, Macdonald 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.