Allenby Gardens vs Northgate

The median house price is $1.2M in Allenby Gardens and $1.1M in Northgate, so Northgate is the cheaper entry point, with Allenby Gardens houses about 1% dearer.

For units, Allenby Gardens sits at a median of $920K against $515K in Northgate, which makes Northgate the more affordable unit market and Allenby Gardens the pricier one.

Over the past year house prices moved +8.0% in Allenby Gardens and +11.1% in Northgate, so recent momentum favours Northgate, although both suburbs recorded growth.

Looking back three years, Allenby Gardens houses are +33.1% and Northgate houses +41.8%, so Northgate has compounded faster than Allenby Gardens over the longer window.

Rental vacancy is 0.3% in Allenby Gardens and 0.7% in Northgate, 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.

Northgate is the bigger suburb, with a population of 3,184 against 2,045, larger than Allenby Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Northgate for a lower purchase price, Northgate 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.