Athelstone vs Salisbury East

For units, Athelstone sits at a median of $630K against $525K in Salisbury East, which makes Salisbury East the more affordable unit market and Athelstone the pricier one.

On cash flow, Salisbury East leads: houses there return a gross rental yield of 3.86%, compared with 3.30% in Athelstone, a gap of 0.56 percentage points.

Over the past year house prices moved +14.1% in Athelstone and +16.6% in Salisbury East, so recent momentum favours Salisbury East, although both suburbs recorded growth.

Looking back three years, Athelstone houses are +41.1% and Salisbury East houses +51.5%, so Salisbury East has compounded faster than Athelstone over the longer window.

Rental vacancy is 0.5% in Athelstone and 1.7% in Salisbury East, 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 9,273, larger than Salisbury East; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Salisbury East for rental income, Salisbury East 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.