Collingwood vs East Melbourne
Collingwood (median $1,403,500) is roughly 42% cheaper to buy into than East Melbourne ($2,400,000).
Buying in Collingwood or East Melbourne?
Selling in Collingwood? The free selling guide
Collingwood and East Melbourne side by side
| Measure | Collingwood | East Melbourne |
|---|---|---|
| Price and market | ||
| Median house | $1,403,500 | $2,400,000 |
| Median unit | $660,000 | $610,000 |
| Renting | ||
| House rent | $950/wk | $1100/wk |
| Unit rent | $695/wk | $690/wk |
| Owner occupied | – | 45.0% |
| Renter occupied | – | 53.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1066 | 1038 |
| Lifestyle and people | ||
| Walk score | 100 | 100 |
| Transit score | 100 | 100 |
| Bike score | 100 | 100 |
| Population | – | 4,896 |
| Median age | – | 42 |
| Climate | ||
| Annual rainfall | 611 mm | 611 mm |
| Mean max, January | 27.0°C | 27.0°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 Collingwood (1066) sits above East Melbourne (1038).
- For buyers
- Collingwood is the lower entry point at $1,403,500 median, 42% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Collingwood offers the higher gross rental yield (3.52% vs 2.38%), favouring cash-flow investors.
- For families
- Collingwood edges out on average school ICSEA (1066 vs 1038).
Collingwood vs East Melbourne: common questions
Is Collingwood or East Melbourne cheaper to buy in?
Collingwood has the lower median house price at $1,403,500, roughly 42% below East Melbourne ($2,400,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Collingwood or East Melbourne have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Collingwood scores 1066 vs 1038 in East Melbourne. 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, Collingwood or East Melbourne?
Gross rental yield on houses is 3.52% in Collingwood vs 2.38% in East Melbourne. 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.
Keep comparing
The two suburbs
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