Allenby Gardens vs Tea Tree Gully
Property investment comparison - Allenby Gardens, SA 5009 vs Tea Tree Gully, SA 5091
Head-to-head across core investment metrics: Allenby Gardens wins 1, Tea Tree Gully 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.
| Metric | Allenby Gardens | Tea Tree Gully |
|---|---|---|
| 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% | +14.5% |
| 3-year house growth | +33.1% | +45.0% |
| Vacancy rate | 0.3% | 0.5% |
| Population | 2,045 | 3,499 |
Allenby Gardens vs Tea Tree Gully: what the numbers say
Over the past year house prices moved +8.0% in Allenby Gardens and +14.5% in Tea Tree Gully, so recent momentum favours Tea Tree Gully, although both suburbs recorded growth.
Looking back three years, Allenby Gardens houses are +33.1% and Tea Tree Gully houses +45.0%, so Tea Tree Gully has compounded faster than Allenby Gardens over the longer window.
Rental vacancy is 0.3% in Allenby Gardens and 0.5% in Tea Tree Gully, 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.
Tea Tree Gully is the bigger suburb, with a population of 3,499 against 2,045, larger than Allenby Gardens; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Tea Tree Gully 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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