Lockleys vs Penfield
Property investment comparison - Lockleys, SA 5032 vs Penfield, SA 5121
Head-to-head across core investment metrics: Lockleys wins 2, Penfield wins 0. 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 | Lockleys | Penfield |
|---|---|---|
| Median house price | $1.5M | $1.5M |
| Median unit price | $610K | $610K |
| Gross rental yield (houses) | 2.60% | - |
| Gross rental yield (units) | - | 4.70% |
| 1-year house growth | +10.8%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 0.7% | 1.4% |
| Population | 5,987 | 422 |
Lockleys vs Penfield: what the numbers say
The median house price is $1.5M in Lockleys and $1.5M in Penfield, so Lockleys is the cheaper entry point, with Penfield houses about 1% dearer.
Rental vacancy is 0.7% in Lockleys and 1.4% in Penfield, so landlords in Lockleys face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Lockleys is the bigger suburb, with a population of 5,987 against 422, roughly 14 times the size of Penfield; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Lockleys for a lower purchase price, Lockleys 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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