Allenby Gardens vs Salisbury Downs

For units, Allenby Gardens sits at a median of $920K against $220K in Salisbury Downs, which makes Salisbury Downs the more affordable unit market and Allenby Gardens the pricier one.

On cash flow, Salisbury Downs leads: houses there return a gross rental yield of 3.84%, compared with 3.28% in Allenby Gardens, a gap of 0.56 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +15.5% in Salisbury Downs (an estimate), so recent momentum favours Salisbury Downs, although both suburbs recorded growth.

Rental vacancy is 0.3% in Allenby Gardens and 0.8% in Salisbury Downs, 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.

Salisbury Downs is the bigger suburb, with a population of 6,296 against 2,045, roughly 3.1 times the size of Allenby Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Salisbury Downs for rental income, Salisbury Downs 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.