Craigburn Farm vs Penfield
Property investment comparison - Craigburn Farm, SA 5051 vs Penfield, SA 5121
Head-to-head across core investment metrics: Craigburn Farm wins 1, Penfield 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.
| Metric | Craigburn Farm | Penfield |
|---|---|---|
| Median house price | $1.6M | $1.5M |
| Median unit price | $710K | $610K |
| Gross rental yield (houses) | 2.37% | - |
| Gross rental yield (units) | 3.90% | 4.70% |
| 1-year house growth | +14.9%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 0.3% | 1.4% |
| Population | 3,099 | 422 |
Craigburn Farm vs Penfield: what the numbers say
The median house price is $1.6M in Craigburn Farm and $1.5M in Penfield, so Penfield is the cheaper entry point, with Craigburn Farm houses about 4% dearer.
For units, Craigburn Farm sits at a median of $710K against $610K in Penfield, which makes Penfield the more affordable unit market and Craigburn Farm the pricier one.
Rental vacancy is 0.3% in Craigburn Farm and 1.4% in Penfield, so landlords in Craigburn Farm face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Craigburn Farm is the bigger suburb, with a population of 3,099 against 422, roughly 7 times the size of Penfield; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Penfield for a lower purchase price, Craigburn Farm 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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