Allenby Gardens vs New Port

For units, Allenby Gardens sits at a median of $920K against $525K in New Port, which makes New Port the more affordable unit market and Allenby Gardens the pricier one.

On cash flow, New Port leads: houses there return a gross rental yield of 3.73%, compared with 3.28% in Allenby Gardens, a gap of 0.45 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +11.4% in New Port, so recent momentum favours New Port, although both suburbs recorded growth.

Rental vacancy is 0.3% in Allenby Gardens and 0.8% in New Port, 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 647, roughly 3.2 times the size of New Port; a larger suburb usually means a deeper pool of buyers and tenants.

In short: New Port for rental income, New Port 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.