Clarence Gardens vs Penfield
Property investment comparison - Clarence Gardens, SA 5039 vs Penfield, SA 5121
Head-to-head across core investment metrics: Clarence Gardens wins 2, Penfield 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 | Clarence Gardens | Penfield |
|---|---|---|
| Median house price | $1.5M | $1.5M |
| Median unit price | - | $610K |
| Gross rental yield (houses) | 2.39% | - |
| Gross rental yield (units) | 4.10% | 4.70% |
| 1-year house growth | +16.9%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 0.4% | 1.4% |
| Population | 2,373 | 422 |
Clarence Gardens vs Penfield: what the numbers say
The median house price is $1.5M in Clarence Gardens and $1.5M in Penfield, so Clarence Gardens is the cheaper entry point, with Penfield houses about 5% dearer.
Rental vacancy is 0.4% in Clarence Gardens and 1.4% in Penfield, so landlords in Clarence Gardens face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Clarence Gardens is the bigger suburb, with a population of 2,373 against 422, roughly 6 times the size of Penfield; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Clarence Gardens for a lower purchase price, Clarence Gardens 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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Clarence Gardens, SA 5039
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