Elizabeth Park vs Elizabeth Downs
Elizabeth Downs (median $670,500) is roughly 1% cheaper to buy into than Elizabeth Park ($680,000). Over the past year, Elizabeth Park (+21.4%) ran 1.7 percentage points ahead of Elizabeth Downs (+19.7%) on house-price growth.
Buying in Elizabeth Park or Elizabeth Downs?
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Elizabeth Park and Elizabeth Downs side by side
| Measure | Elizabeth Park | Elizabeth Downs |
|---|---|---|
| Price and market | ||
| Median house | $680,000 | $670,500 |
| Median unit | $154,800 | $154,800 |
| House price change, 12 months | +21.4% | +19.7% |
| Renting | ||
| House rent | $500/wk | $510/wk |
| Unit rent | $320/wk | $480/wk |
| Owner occupied | 51.0% | 54.0% |
| Renter occupied | 46.0% | 44.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 920 | 941 |
| Lifestyle and people | ||
| Walk score | 0 | 0 |
| Transit score | 0 | 0 |
| Bike score | 25 | 80 |
| Population | 4,428 | 5,160 |
| Median age | 33 | 34 |
| 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 Downs (941) sits above Elizabeth Park (920).
- For buyers
- Elizabeth Downs is the lower entry point at $670,500 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 Downs delivers the better gross yield (3.96% 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 Downs edges out on average school ICSEA (941 vs 920).
Elizabeth Park vs Elizabeth Downs: common questions
Is Elizabeth Park or Elizabeth Downs cheaper to buy in?
Elizabeth Downs has the lower median house price at $670,500, 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 Park or Elizabeth Downs?
Over the past 12 months, Elizabeth Park grew +21.4% vs +19.7% in Elizabeth Downs, a gap of 1.7 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 Park or Elizabeth Downs have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Elizabeth Downs scores 941 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 Park or Elizabeth Downs?
Gross rental yield on houses is 3.96% in Elizabeth Downs 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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