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Lockleys vs Urrbrae

Property investment comparison - Lockleys, SA 5032 vs Urrbrae, SA 5064

Head-to-head across core investment metrics: Lockleys wins 3, Urrbrae 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.

MetricLockleysUrrbrae
Median house price$1.5M$1.6M
Median unit price$610K$745K
Gross rental yield (houses)2.60%-
Gross rental yield (units)-4.79%
1-year house growth+10.8%estimate-
3-year house growth--
Vacancy rate0.7%0.8%
Population5,9871,070

Lockleys vs Urrbrae: what the numbers say

The median house price is $1.5M in Lockleys and $1.6M in Urrbrae, so Lockleys is the cheaper entry point, with Urrbrae houses about 2% dearer.

For units, Lockleys sits at a median of $610K against $745K in Urrbrae, which makes Lockleys the more affordable unit market and Urrbrae the pricier one.

Rental vacancy is 0.7% in Lockleys and 0.8% in Urrbrae, 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 1,070, roughly 6 times the size of Urrbrae; 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.

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