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Athelstone vs Largs Bay

Property investment comparison - Athelstone, SA 5076 vs Largs Bay, SA 5016

Head-to-head across core investment metrics: Athelstone wins 3, Largs Bay wins 1. 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.

MetricAthelstoneLargs Bay
Median house price$1.1M$1.0M
Median unit price$630K-
Gross rental yield (houses)3.30%3.17%
Gross rental yield (units)-4.42%
1-year house growth+14.1%+11.3%estimate
3-year house growth+41.1%-
Vacancy rate0.5%0.7%
Population9,6014,104

Athelstone vs Largs Bay: what the numbers say

The median house price is $1.1M in Athelstone and $1.0M in Largs Bay, so Largs Bay is the cheaper entry point, with Athelstone houses about 3% dearer.

On cash flow, Athelstone leads: houses there return a gross rental yield of 3.30%, compared with 3.17% in Largs Bay, a gap of 0.13 percentage points.

Over the past year house prices moved +14.1% in Athelstone and +11.3% in Largs Bay (an estimate), so recent momentum favours Athelstone, although both suburbs recorded growth.

Rental vacancy is 0.5% in Athelstone and 0.7% in Largs Bay, so landlords in Athelstone 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 4,104, roughly 2.3 times the size of Largs Bay; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Athelstone for rental income, Largs Bay for a lower purchase price, Athelstone for recent price momentum, Athelstone 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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