Albert Park vs Cheltenham
Cheltenham (median $991,500) is roughly 6% 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.
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Albert Park and Cheltenham side by side
| Measure | Albert Park | Cheltenham |
|---|---|---|
| Price and market | ||
| Median house | $1,060,000 | $991,500 |
| Median unit | $250,560 | $250,560 |
| House price change, 12 months | +20.3% | -23.0% |
| Renting | ||
| House rent | $600/wk | $600/wk |
| Unit rent | $400/wk | $310/wk |
| Owner occupied | 69.0% | 77.0% |
| Renter occupied | 29.0% | 21.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1008 | 1001 |
| Lifestyle and people | ||
| Walk score | 36 | 54 |
| Transit score | 0 | 0 |
| Bike score | 100 | 100 |
| Population | 1,780 | 2,236 |
| Median age | 39 | 44 |
| Climate | ||
| Annual rainfall | 439 mm | 403 mm |
| Mean max, January | 29.2°C | 29.9°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
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, 6% 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 (3.15% 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).
Albert Park vs Cheltenham: common questions
Is Albert Park or Cheltenham cheaper to buy in?
Cheltenham has the lower median house price at $991,500, roughly 6% 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 3.15% 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.
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