Elizabeth North vs Elizabeth Park
Elizabeth North (median $671,000) is roughly 1% cheaper to buy into than Elizabeth Park ($680,000). Over the past year, Elizabeth Park (+21.4%) ran 8.4 percentage points ahead of Elizabeth North (+13%) on house-price growth.
Buying in Elizabeth North or Elizabeth Park?
Selling in Elizabeth North? The free selling guide
Elizabeth North and Elizabeth Park side by side
| Measure | Elizabeth North | Elizabeth Park |
|---|---|---|
| Price and market | ||
| Median house | $671,000 | $680,000 |
| Median unit | $154,800 | $154,800 |
| House price change, 12 months | +13.0% | +21.4% |
| Renting | ||
| House rent | $500/wk | $500/wk |
| Unit rent | $371/wk | $320/wk |
| Owner occupied | 40.0% | 51.0% |
| Renter occupied | 55.0% | 46.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 934 | 920 |
| Lifestyle and people | ||
| Walk score | 0 | 0 |
| Transit score | 0 | 0 |
| Bike score | 40 | 25 |
| Population | 3,588 | 4,428 |
| Median age | 36 | 33 |
| Climate | ||
| Annual rainfall | 510 mm | 510 mm |
| Mean max, January | 30.5°C | 30.5°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 Elizabeth North (934) sits above Elizabeth Park (920). Elizabeth Park skews owner-occupied (51%), Elizabeth North runs more rental-dense (40% owner).
- For buyers
- Elizabeth North is the lower entry point at $671,000 median, 1% 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: Elizabeth North delivers the better gross yield (3.87% vs 3.82%), but Elizabeth 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
- Elizabeth North edges out on average school ICSEA (934 vs 920). Elizabeth Park also has a higher family-household share (68% vs 55%), so the catchment community skews family-heavy.
Elizabeth North vs Elizabeth Park: common questions
Is Elizabeth North or Elizabeth Park cheaper to buy in?
Elizabeth North has the lower median house price at $671,000, roughly 1% below Elizabeth Park ($680,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Elizabeth North or Elizabeth Park?
Over the past 12 months, Elizabeth Park grew +21.4% vs +13% in Elizabeth North, a gap of 8.4 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 Elizabeth North or Elizabeth Park have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Elizabeth North scores 934 vs 920 in Elizabeth Park. 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, Elizabeth North or Elizabeth Park?
Gross rental yield on houses is 3.87% in Elizabeth North vs 3.82% in Elizabeth 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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