Allenby Gardens vs Port Noarlunga

For units, Allenby Gardens sits at a median of $920K against $670K in Port Noarlunga, which makes Port Noarlunga the more affordable unit market and Allenby Gardens the pricier one.

On cash flow, Port Noarlunga leads: houses there return a gross rental yield of 3.46%, compared with 3.28% in Allenby Gardens, a gap of 0.18 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +12.8% in Port Noarlunga (an estimate), so recent momentum favours Port Noarlunga, although both suburbs recorded growth.

Rental vacancy is 0.3% in Allenby Gardens and 1.2% in Port Noarlunga, 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.

Port Noarlunga is the bigger suburb, with a population of 3,245 against 2,045, larger than Allenby Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

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