Clunes vs Eltham

Clunes (median $1,175,150) is roughly 24% cheaper to buy into than Eltham ($1,550,000). Over the past year, Clunes (-7.3%) ran 0.4 percentage points ahead of Eltham (-7.7%) on house-price growth.

Buying in Clunes or Eltham?

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Clunes and Eltham side by side

MeasureClunesEltham
Price and market
Median house$1,175,150$1,550,000
Median unit$240,480$240,480
House price change, 12 months-7.3%-7.7%
Renting
House rent$620/wk$620/wk
Unit rent$435/wk$435/wk
Owner occupied76.0%86.0%
Renter occupied23.0%15.0%
Schools
Schools nearby1016
Average ICSEA10441025
Lifestyle and people
Walk score160
Transit score00
Bike score00
Population907332
Median age4348
Climate
Annual rainfall1464 mm1464 mm
Mean max, January29.2°C29.2°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

Clunes scores higher on walkability (16/100 vs 0/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Clunes (1044) sits above Eltham (1025). Eltham skews owner-occupied (86%), Clunes runs more rental-dense (76% owner).

For buyers
Clunes is the lower entry point at $1,175,150 median, 24% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Clunes carries both higher gross yield (2.74% vs 2.08%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
For families
Clunes edges out on average school ICSEA (1044 vs 1025).

Clunes vs Eltham: common questions

Is Clunes or Eltham cheaper to buy in?

Clunes has the lower median house price at $1,175,150, roughly 24% below Eltham ($1,550,000). The gap on units is usually similar but worth checking on the full suburb profiles.

Which has stronger property growth, Clunes or Eltham?

Over the past 12 months, Clunes grew -7.3% vs -7.7% in Eltham, a gap of 0.4 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 Clunes or Eltham have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Clunes scores 1044 vs 1025 in Eltham. 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, Clunes or Eltham?

Clunes scores 16/100 on walkability vs 0/100. 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, Clunes or Eltham?

Gross rental yield on houses is 2.74% in Clunes vs 2.08% in Eltham. 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.