Albert Park vs Cheltenham.
Comparing two suburbs with median house prices of $1,060,000 and $991,500.
Cheltenham (median $991,500) is roughly 7% cheaper to buy into than Albert Park ($1,060,000). Over the past year, Albert Park (+20.3%) ran 43.3 percentage points ahead of Cheltenham (-23%) on house-price growth.
Cheltenham scores higher on walkability (36/100 vs 54/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Albert Park (1008) sits above Cheltenham (1001).
For buyers
Cheltenham is the lower entry point at $991,500 median, 7% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Investors face a yield-versus-growth split: Cheltenham delivers the better gross yield (3.30% vs 2.94%), but Albert Park has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
For families
Albert Park edges out on average school ICSEA (1008 vs 1001).
Common questions
Is Albert Park or Cheltenham cheaper to buy in?
Cheltenham has the lower median house price at $991,500, roughly 7% below Albert Park ($1,060,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Albert Park or Cheltenham?
Over the past 12 months, Albert Park grew +20.3% vs -23% in Cheltenham, a gap of 43.3 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Albert Park or Cheltenham have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Albert Park scores 1008 vs 1001 in Cheltenham. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Albert Park or Cheltenham?
Cheltenham scores 54/100 on walkability vs 36/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Albert Park or Cheltenham?
Gross rental yield on houses is 3.30% in Cheltenham vs 2.94% in Albert Park. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Albert Park against another suburb