Allenby Gardens vs Ovingham
Property investment comparison - Allenby Gardens, SA 5009 vs Ovingham, SA 5082
Head-to-head across core investment metrics: Allenby Gardens wins 1, Ovingham wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Allenby Gardens | Ovingham |
|---|---|---|
| Median house price | $1.2M | - |
| Median unit price | $920K | $630K |
| Gross rental yield (houses) | 3.28% | 4.02% |
| Gross rental yield (units) | - | 4.17% |
| 1-year house growth | +8.0% | - |
| 3-year house growth | +33.1% | - |
| Vacancy rate | 0.3% | 0.5% |
| Population | 2,045 | 766 |
Allenby Gardens vs Ovingham: what the numbers say
For units, Allenby Gardens sits at a median of $920K against $630K in Ovingham, which makes Ovingham the more affordable unit market and Allenby Gardens the pricier one.
On cash flow, Ovingham leads: houses there return a gross rental yield of 4.02%, compared with 3.28% in Allenby Gardens, a gap of 0.74 percentage points.
Rental vacancy is 0.3% in Allenby Gardens and 0.5% in Ovingham, 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 766, roughly 2.7 times the size of Ovingham; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Ovingham for rental income, Allenby Gardens for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Allenby Gardens, SA 5009
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