Ellis Lane vs Grasmere.
Comparing two suburbs with median house prices of $1,950,000 and $2,512,500. Grasmere edges out on more headline metrics in this comparison.
Ellis Lane (median $1,950,000) is roughly 22% cheaper to buy into than Grasmere ($2,512,500). Over the past year, Grasmere (+3.4%) ran 19.7 percentage points ahead of Ellis Lane (-16.3%) on house-price growth.
On school quality, the average ICSEA across schools serving Grasmere (1021) sits above Ellis Lane (1020). Ellis Lane skews owner-occupied (92%), Grasmere runs more rental-dense (75% owner).
For buyers
Ellis Lane is the lower entry point at $1,950,000 median, 22% 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: Ellis Lane delivers the better gross yield (2.05% vs 1.59%), but Grasmere 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
Grasmere edges out on average school ICSEA (1021 vs 1020). Ellis Lane also has a higher family-household share (88% vs 71%), so the catchment community skews family-heavy.
Common questions
Is Ellis Lane or Grasmere cheaper to buy in?
Ellis Lane has the lower median house price at $1,950,000, roughly 22% below Grasmere ($2,512,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Ellis Lane or Grasmere?
Over the past 12 months, Grasmere grew +3.4% vs -16.3% in Ellis Lane, a gap of 19.7 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 Ellis Lane or Grasmere have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Grasmere scores 1021 vs 1020 in Ellis Lane. 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, Ellis Lane or Grasmere?
Gross rental yield on houses is 2.05% in Ellis Lane vs 1.59% in Grasmere. 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.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
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