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Athelstone vs Moana

Property investment comparison - Athelstone, SA 5076 vs Moana, SA 5169

Head-to-head across core investment metrics: Athelstone wins 1, Moana 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.

MetricAthelstoneMoana
Median house price$1.1M-
Median unit price$630K-
Gross rental yield (houses)3.30%-
Gross rental yield (units)-3.91%
1-year house growth+14.1%+12.3%
3-year house growth+41.1%+45.3%
Vacancy rate0.5%0.5%
Population9,6013,316

Athelstone vs Moana: what the numbers say

Over the past year house prices moved +14.1% in Athelstone and +12.3% in Moana, so recent momentum favours Athelstone, although both suburbs recorded growth.

Looking back three years, Athelstone houses are +41.1% and Moana houses +45.3%, so Moana has compounded faster than Athelstone over the longer window.

Rental vacancy is 0.5% in Moana and 0.5% in Athelstone, so landlords in Moana 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 3,316, roughly 2.9 times the size of Moana; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Athelstone for recent price momentum, Moana 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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