Elizabeth Park vs Elizabeth
Elizabeth Park (median $680,000) is roughly 3% cheaper to buy into than Elizabeth ($697,500). Over the past year, Elizabeth Park (+21.4%) ran 6.1 percentage points ahead of Elizabeth (+15.3%) on house-price growth.
Buying in Elizabeth Park or Elizabeth?
Selling in Elizabeth Park? The free selling guide
Elizabeth Park and Elizabeth side by side
| Measure | Elizabeth Park | Elizabeth |
|---|---|---|
| Price and market | ||
| Median house | $680,000 | $697,500 |
| Median unit | $154,800 | $188,640 |
| House price change, 12 months | +21.4% | +15.3% |
| Renting | ||
| House rent | $500/wk | $520/wk |
| Unit rent | $320/wk | $382/wk |
| Owner occupied | 51.0% | 43.0% |
| Renter occupied | 46.0% | 53.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 920 | 912 |
| Lifestyle and people | ||
| Walk score | 0 | 42 |
| Transit score | 0 | 30 |
| Bike score | 25 | 100 |
| Population | 4,428 | 1,033 |
| Median age | 33 | 38 |
| Climate | ||
| Annual rainfall | 510 mm | 440 mm |
| Mean max, January | 30.5°C | 30.7°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
Elizabeth scores higher on walkability (0/100 vs 42/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Elizabeth Park (920) sits above Elizabeth (912).
- For buyers
- Elizabeth Park is the lower entry point at $680,000 median, 3% 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 delivers the better gross yield (3.88% 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 Park edges out on average school ICSEA (920 vs 912). Elizabeth Park also has a higher family-household share (68% vs 56%), so the catchment community skews family-heavy.
Elizabeth Park vs Elizabeth: common questions
Is Elizabeth Park or Elizabeth cheaper to buy in?
Elizabeth Park has the lower median house price at $680,000, roughly 3% below Elizabeth ($697,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Elizabeth Park or Elizabeth?
Over the past 12 months, Elizabeth Park grew +21.4% vs +15.3% in Elizabeth, a gap of 6.1 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 have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Elizabeth Park scores 920 vs 912 in Elizabeth. 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, Elizabeth Park or Elizabeth?
Elizabeth scores 42/100 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, Elizabeth Park or Elizabeth?
Gross rental yield on houses is 3.88% in Elizabeth 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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