Athelstone vs Glandore

For units, Athelstone sits at a median of $630K against $760K in Glandore, which makes Athelstone the more affordable unit market and Glandore the pricier one.

On cash flow, Athelstone leads: houses there return a gross rental yield of 3.30%, compared with 3.00% in Glandore, a gap of 0.30 percentage points.

Over the past year house prices moved +14.1% in Athelstone and +8.8% in Glandore, so recent momentum favours Athelstone, although both suburbs recorded growth.

Looking back three years, Athelstone houses are +41.1% and Glandore houses +38.8%, so Athelstone has compounded faster than Glandore over the longer window.

Rental vacancy is 0.3% in Glandore and 0.5% in Athelstone, so landlords in Glandore face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Athelstone is the bigger suburb, with a population of 9,601 against 3,041, roughly 3.2 times the size of Glandore; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Athelstone for rental income, Athelstone for recent price momentum, Glandore for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.