Allenby Gardens vs Plympton Park

The median house price is $1.2M in Allenby Gardens and $1.2M in Plympton Park, so Allenby Gardens is the cheaper entry point, with Plympton Park houses about 3% dearer.

For units, Allenby Gardens sits at a median of $920K against $630K in Plympton Park, which makes Plympton 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 3.07% in Plympton Park, a gap of 0.21 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +10.0% in Plympton Park, so recent momentum favours Plympton Park, although both suburbs recorded growth.

Looking back three years, Allenby Gardens houses are +33.1% and Plympton Park houses +42.2%, so Plympton Park has compounded faster than Allenby Gardens over the longer window.

Rental vacancy is 0.3% in Allenby Gardens and 1.3% in Plympton 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.

Plympton Park is the bigger suburb, with a population of 3,881 against 2,045, larger than Allenby Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Allenby Gardens for rental income, Allenby Gardens for a lower purchase price, Plympton 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.