Athelstone vs Semaphore South
Property investment comparison - Athelstone, SA 5076 vs Semaphore South, SA 5019
Head-to-head across core investment metrics: Athelstone wins 2, Semaphore South 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.
| Metric | Athelstone | Semaphore South |
|---|---|---|
| Median house price | $1.1M | - |
| Median unit price | $630K | - |
| Gross rental yield (houses) | 3.30% | - |
| Gross rental yield (units) | - | 4.20% |
| 1-year house growth | +14.1% | +9.1% |
| 3-year house growth | +41.1% | +49.6% |
| Vacancy rate | 0.5% | 2.0% |
| Population | 9,601 | 1,031 |
Athelstone vs Semaphore South: what the numbers say
Over the past year house prices moved +14.1% in Athelstone and +9.1% in Semaphore South, so recent momentum favours Athelstone, although both suburbs recorded growth.
Looking back three years, Athelstone houses are +41.1% and Semaphore South houses +49.6%, so Semaphore South has compounded faster than Athelstone over the longer window.
Rental vacancy is 0.5% in Athelstone and 2.0% in Semaphore South, 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 1,031, roughly 9 times the size of Semaphore South; a larger suburb usually means a deeper pool of buyers and tenants.
In short: 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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Semaphore South, SA 5019
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