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Allenby Gardens vs West Richmond

Property investment comparison - Allenby Gardens, SA 5009 vs West Richmond, SA 5033

Head-to-head across core investment metrics: Allenby Gardens wins 1, West Richmond 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 GardensWest Richmond
Median house price$1.2M-
Median unit price$920K-
Gross rental yield (houses)3.28%3.40%
Gross rental yield (units)-1.94%
1-year house growth+8.0%+14.2%
3-year house growth+33.1%+63.2%
Vacancy rate0.3%0.5%
Population2,0451,087

Allenby Gardens vs West Richmond: what the numbers say

On cash flow, West Richmond leads: houses there return a gross rental yield of 3.40%, compared with 3.28% in Allenby Gardens, a gap of 0.12 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +14.2% in West Richmond, so recent momentum favours West Richmond, although both suburbs recorded growth.

Looking back three years, Allenby Gardens houses are +33.1% and West Richmond houses +63.2%, so West Richmond has compounded faster than Allenby Gardens over the longer window.

Rental vacancy is 0.3% in Allenby Gardens and 0.5% in West Richmond, 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.

Allenby Gardens is the bigger suburb, with a population of 2,045 against 1,087, larger than West Richmond; a larger suburb usually means a deeper pool of buyers and tenants.

In short: West Richmond for rental income, West Richmond 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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