Athelstone vs Old Reynella
Property investment comparison - Athelstone, SA 5076 vs Old Reynella, SA 5161
Head-to-head across core investment metrics: Athelstone wins 2, Old Reynella 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.
| Metric | Athelstone | Old Reynella |
|---|---|---|
| Median house price | $1.1M | - |
| Median unit price | $630K | - |
| Gross rental yield (houses) | 3.30% | 3.90% |
| Gross rental yield (units) | - | 3.90% |
| 1-year house growth | +14.1% | +12.9% |
| 3-year house growth | +41.1% | +50.4% |
| Vacancy rate | 0.5% | 0.7% |
| Population | 9,601 | 3,458 |
Athelstone vs Old Reynella: what the numbers say
On cash flow, Old Reynella leads: houses there return a gross rental yield of 3.90%, compared with 3.30% in Athelstone, a gap of 0.60 percentage points.
Over the past year house prices moved +14.1% in Athelstone and +12.9% in Old Reynella, so recent momentum favours Athelstone, although both suburbs recorded growth.
Looking back three years, Athelstone houses are +41.1% and Old Reynella houses +50.4%, so Old Reynella has compounded faster than Athelstone over the longer window.
Rental vacancy is 0.5% in Athelstone and 0.7% in Old Reynella, 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 3,458, roughly 2.8 times the size of Old Reynella; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Old Reynella 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.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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