Allenby Gardens vs Surrey Downs
Property investment comparison - Allenby Gardens, SA 5009 vs Surrey Downs, SA 5126
Head-to-head across core investment metrics: Allenby Gardens wins 1, Surrey Downs 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.
| Metric | Allenby Gardens | Surrey Downs |
|---|---|---|
| Median house price | $1.2M | - |
| Median unit price | $920K | - |
| Gross rental yield (houses) | 3.28% | 3.66% |
| Gross rental yield (units) | - | 1.86% |
| 1-year house growth | +8.0% | +16.0% |
| 3-year house growth | +33.1% | +46.8% |
| Vacancy rate | 0.3% | 0.5% |
| Population | 2,045 | 3,358 |
Allenby Gardens vs Surrey Downs: what the numbers say
On cash flow, Surrey Downs leads: houses there return a gross rental yield of 3.66%, compared with 3.28% in Allenby Gardens, a gap of 0.38 percentage points.
Over the past year house prices moved +8.0% in Allenby Gardens and +16.0% in Surrey Downs, so recent momentum favours Surrey Downs, although both suburbs recorded growth.
Looking back three years, Allenby Gardens houses are +33.1% and Surrey Downs houses +46.8%, so Surrey Downs has compounded faster than Allenby Gardens over the longer window.
Rental vacancy is 0.3% in Allenby Gardens and 0.5% in Surrey 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.
Surrey Downs is the bigger suburb, with a population of 3,358 against 2,045, larger than Allenby Gardens; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Surrey Downs for rental income, Surrey 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.
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Allenby Gardens, SA 5009
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