Binna Burra vs Eureka
Eureka (median $1,550,000) is roughly 15% cheaper to buy into than Binna Burra ($1,822,000). Over the past year, Eureka (+3.3%) ran 14.6 percentage points ahead of Binna Burra (-11.3%) on house-price growth.
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Binna Burra and Eureka side by side
| Measure | Binna Burra | Eureka |
|---|---|---|
| Price and market | ||
| Median house | $1,822,000 | $1,550,000 |
| Median unit | $366,480 | $240,480 |
| House price change, 12 months | -11.3% | +3.3% |
| Renting | ||
| House rent | $1000/wk | $620/wk |
| Unit rent | – | $435/wk |
| Owner occupied | 74.0% | 70.0% |
| Renter occupied | 23.0% | 20.0% |
| Schools | ||
| Schools nearby | 7 | 10 |
| Average ICSEA | 1072 | 1045 |
| Lifestyle and people | ||
| Walk score | 0 | 0 |
| Transit score | 0 | 0 |
| Bike score | 0 | 0 |
| Population | 223 | 353 |
| Median age | 39 | 47 |
| Climate | ||
| Annual rainfall | 1687 mm | 1644 mm |
| Mean max, January | 28.6°C | 28.7°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
On school quality, the average ICSEA across schools serving Binna Burra (1072) sits above Eureka (1045).
- For buyers
- Eureka is the lower entry point at $1,550,000 median, 15% 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: Binna Burra delivers the better gross yield (2.85% vs 2.08%), but Eureka 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
- Binna Burra edges out on average school ICSEA (1072 vs 1045).
Binna Burra vs Eureka: common questions
Is Binna Burra or Eureka cheaper to buy in?
Eureka has the lower median house price at $1,550,000, roughly 15% below Binna Burra ($1,822,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Binna Burra or Eureka?
Over the past 12 months, Eureka grew +3.3% vs -11.3% in Binna Burra, a gap of 14.6 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 Binna Burra or Eureka have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Binna Burra scores 1072 vs 1045 in Eureka. 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 suburb has higher rental yield, Binna Burra or Eureka?
Gross rental yield on houses is 2.85% in Binna Burra vs 2.08% in Eureka. 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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The two suburbs
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