Side by sideSuburb comparison

Cheltenham North vs Highett.

Comparing two suburbs with median house prices of $1,042,500 and $1,555,000. Cheltenham North edges out on more headline metrics in this comparison.

Cheltenham North (median $1,042,500) is roughly 33% cheaper to buy into than Highett ($1,555,000).

Cheltenham North scores higher on walkability (100/100 vs 40/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Highett (1106) sits above Cheltenham North (1100).

The takeWhich suburb suits which buyer

For buyers

Cheltenham North is the lower entry point at $1,042,500 median, 33% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.

For investors

Cheltenham North offers the higher gross rental yield (2.14% vs 1.44%), favouring cash-flow investors.

For families

Highett edges out on average school ICSEA (1106 vs 1100).

Common questionsCheltenham North vs Highett

Common questions

Is Cheltenham North or Highett cheaper to buy in?

Cheltenham North has the lower median house price at $1,042,500, roughly 33% below Highett ($1,555,000). The gap on units is usually similar but worth checking on the full suburb profiles.

Does Cheltenham North or Highett have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Highett scores 1106 vs 1100 in Cheltenham North. 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, Cheltenham North or Highett?

Cheltenham North scores 100/100 on walkability vs 40/100. 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, Cheltenham North or Highett?

Gross rental yield on houses is 2.14% in Cheltenham North vs 1.44% in Highett. 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

Cheltenham North
Metric
Highett

Price & Market

$1,042,500
Median house
$1,555,000
$597,500
Median unit
$677,000
+0.0%
Annual growth (house)
+0.0%
Days on market

Rental

$430/wk
Rent (house / wk)
$430/wk
$366/wk
Rent (unit / wk)
$430/wk
Owner occupied
70.0%
Renter occupied
27.0%

Lifestyle & Demographics

100
Walk score
40
0
Transit score
20
100
Bike score
100
24,129
Population
12,016
40
Median age
40

Risk & Hazard

Flood class
Bushfire risk

Schools

20
Schools nearby
20
1100
Avg ICSEA
1106

Climate

639 mm
Annual rainfall
639 mm
25.9°C
Mean max (Jan)
25.9°C

Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).