Allenby Gardens vs St Peters

For units, Allenby Gardens sits at a median of $920K against $725K in St Peters, which makes St Peters 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 1.90% in St Peters, a gap of 1.38 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +14.3% in St Peters, so recent momentum favours St Peters, although both suburbs recorded growth.

Looking back three years, Allenby Gardens houses are +33.1% and St Peters houses +25.6%, so Allenby Gardens has compounded faster than St Peters over the longer window.

Rental vacancy is 0.3% in Allenby Gardens and 1.0% in St Peters, 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.

St Peters is the bigger suburb, with a population of 3,231 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, St Peters 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.