Allenby Gardens vs Wingfield

For units, Allenby Gardens sits at a median of $920K against $565K in Wingfield, which makes Wingfield 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 2.47% in Wingfield, a gap of 0.81 percentage points.

Over the past year house prices moved +8.0% in Allenby Gardens and +10.3% in Wingfield, so recent momentum favours Wingfield, although both suburbs recorded growth.

Rental vacancy is 0.3% in Allenby Gardens and 0.6% in Wingfield, 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 440, roughly 4.6 times the size of Wingfield; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Allenby Gardens for rental income, Wingfield 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.