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Allenby Gardens vs Rosewater

Property investment comparison - Allenby Gardens, SA 5009 vs Rosewater, SA 5013

Head-to-head across core investment metrics: Allenby Gardens wins 1, Rosewater wins 3. 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 GardensRosewater
Median house price$1.2M-
Median unit price$920K$495K
Gross rental yield (houses)3.28%-
Gross rental yield (units)--
1-year house growth+8.0%+9.8%
3-year house growth+33.1%+60.6%
Vacancy rate0.3%0.6%
Population2,0453,582

Allenby Gardens vs Rosewater: what the numbers say

For units, Allenby Gardens sits at a median of $920K against $495K in Rosewater, which makes Rosewater the more affordable unit market and Allenby Gardens the pricier one.

Over the past year house prices moved +8.0% in Allenby Gardens and +9.8% in Rosewater, so recent momentum favours Rosewater, although both suburbs recorded growth.

Looking back three years, Allenby Gardens houses are +33.1% and Rosewater houses +60.6%, so Rosewater has compounded faster than Allenby Gardens over the longer window.

Rental vacancy is 0.3% in Allenby Gardens and 0.6% in Rosewater, 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.

Rosewater is the bigger suburb, with a population of 3,582 against 2,045, larger than Allenby Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Rosewater 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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