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Allenby Gardens vs Redwood Park

Property investment comparison - Allenby Gardens, SA 5009 vs Redwood Park, SA 5097

Head-to-head across core investment metrics: Allenby Gardens wins 1, Redwood Park 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.

MetricAllenby GardensRedwood Park
Median house price$1.2M-
Median unit price$920K-
Gross rental yield (houses)3.28%-
Gross rental yield (units)-4.20%
1-year house growth+8.0%+13.3%
3-year house growth+33.1%+34.0%
Vacancy rate0.3%0.8%
Population2,0455,367

Allenby Gardens vs Redwood Park: what the numbers say

Over the past year house prices moved +8.0% in Allenby Gardens and +13.3% in Redwood Park, so recent momentum favours Redwood Park, although both suburbs recorded growth.

Looking back three years, Allenby Gardens houses are +33.1% and Redwood Park houses +34.0%, so Redwood Park has compounded faster than Allenby Gardens over the longer window.

Rental vacancy is 0.3% in Allenby Gardens and 0.8% in Redwood 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.

Redwood Park is the bigger suburb, with a population of 5,367 against 2,045, roughly 2.6 times the size of Allenby Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Redwood 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.

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