Allenby Gardens vs Penfield Gardens
Property investment comparison - Allenby Gardens, SA 5009 vs Penfield Gardens, SA 5121
Head-to-head across core investment metrics: Allenby Gardens wins 2, Penfield Gardens wins 0. 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 | Penfield Gardens |
|---|---|---|
| Median house price | $1.2M | - |
| Median unit price | $920K | - |
| Gross rental yield (houses) | 3.28% | 2.84% |
| Gross rental yield (units) | - | - |
| 1-year house growth | +8.0% | - |
| 3-year house growth | +33.1% | - |
| Vacancy rate | 0.3% | 2.7% |
| Population | 2,045 | 304 |
Allenby Gardens vs Penfield Gardens: what the numbers say
On cash flow, Allenby Gardens leads: houses there return a gross rental yield of 3.28%, compared with 2.84% in Penfield Gardens, a gap of 0.44 percentage points.
Rental vacancy is 0.3% in Allenby Gardens and 2.7% in Penfield Gardens, 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 304, roughly 7 times the size of Penfield Gardens; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Allenby Gardens 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.
Full profile
Allenby Gardens, SA 5009
Open Allenby Gardens suburb profileRecent sales in Allenby Gardens
Full profile
Penfield Gardens, SA 5121
Open Penfield Gardens suburb profileRecent sales in Penfield Gardens
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