Parafield Gardens vs Port Adelaide

The median house price is $850K in Parafield Gardens and $870K in Port Adelaide, so Parafield Gardens is the cheaper entry point, with Port Adelaide houses about 2% dearer.

For units, Parafield Gardens sits at a median of $600K against $700K in Port Adelaide, which makes Parafield Gardens the more affordable unit market and Port Adelaide the pricier one.

Gross rental yield on houses is effectively level, at 3.91% in Parafield Gardens and 3.90% in Port Adelaide, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +18.1% in Parafield Gardens and +15.3% in Port Adelaide (an estimate), so recent momentum favours Parafield Gardens, although both suburbs recorded growth.

Rental vacancy is 0.4% in Parafield Gardens and 0.6% in Port Adelaide, so landlords in Parafield Gardens face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Parafield Gardens is the bigger suburb, with a population of 18,467 against 1,338, roughly 14 times the size of Port Adelaide; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Parafield Gardens for a lower purchase price, Parafield Gardens for recent price momentum, Parafield Gardens for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.