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Athelstone vs Tea Tree Gully

Property investment comparison - Athelstone, SA 5076 vs Tea Tree Gully, SA 5091

Head-to-head across core investment metrics: Athelstone wins 0, Tea Tree Gully wins 3. 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.

MetricAthelstoneTea Tree Gully
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%+14.5%
3-year house growth+41.1%+45.0%
Vacancy rate0.5%0.5%
Population9,6013,499

Athelstone vs Tea Tree Gully: what the numbers say

Over the past year house prices moved +14.1% in Athelstone and +14.5% in Tea Tree Gully, so recent momentum favours Tea Tree Gully, although both suburbs recorded growth.

Looking back three years, Athelstone houses are +41.1% and Tea Tree Gully houses +45.0%, so Tea Tree Gully has compounded faster than Athelstone over the longer window.

Rental vacancy is 0.5% in Tea Tree Gully and 0.5% in Athelstone, so landlords in Tea Tree Gully 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 3,499, roughly 2.7 times the size of Tea Tree Gully; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Tea Tree Gully for recent price momentum, Tea Tree Gully 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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