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Athelstone vs Mylor

Property investment comparison - Athelstone, SA 5076 vs Mylor, SA 5153

Head-to-head across core investment metrics: Athelstone wins 4, Mylor wins 0. 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.

MetricAthelstoneMylor
Median house price$1.1M-
Median unit price$630K$1.1M
Gross rental yield (houses)3.30%2.15%
Gross rental yield (units)-2.05%
1-year house growth+14.1%+6.3%
3-year house growth+41.1%-
Vacancy rate0.5%2.7%
Population9,6011,067

Athelstone vs Mylor: what the numbers say

For units, Athelstone sits at a median of $630K against $1.1M in Mylor, which makes Athelstone the more affordable unit market and Mylor the pricier one.

On cash flow, Athelstone leads: houses there return a gross rental yield of 3.30%, compared with 2.15% in Mylor, a gap of 1.15 percentage points.

Over the past year house prices moved +14.1% in Athelstone and +6.3% in Mylor, so recent momentum favours Athelstone, although both suburbs recorded growth.

Rental vacancy is 0.5% in Athelstone and 2.7% in Mylor, 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 1,067, roughly 9 times the size of Mylor; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Athelstone for rental income, 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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