Epping vs Cheltenham
Epping (median $2,710,000) is roughly 8% cheaper to buy into than Cheltenham ($2,955,000).
Buying in Epping or Cheltenham?
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Epping and Cheltenham side by side
| Measure | Epping | Cheltenham |
|---|---|---|
| Price and market | ||
| Median house | $2,710,000 | $2,955,000 |
| Median unit | $414,000 | $549,360 |
| House price change, 12 months | +4.2% | – |
| Renting | ||
| House rent | $1030/wk | $1150/wk |
| Unit rent | $800/wk | $700/wk |
| Owner occupied | 56.0% | 90.0% |
| Renter occupied | 42.0% | 9.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1123 | 1138 |
| Lifestyle and people | ||
| Walk score | 90 | 0 |
| Transit score | 100 | 30 |
| Bike score | 100 | 80 |
| Population | 29,551 | 2,166 |
| Median age | 36 | 46 |
| Climate | ||
| Annual rainfall | 1113 mm | 1113 mm |
| Mean max, January | 28.0°C | 28.0°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
Epping scores higher on walkability (90/100 vs 0/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Cheltenham (1138) sits above Epping (1123). Cheltenham skews owner-occupied (90%), Epping runs more rental-dense (56% owner).
- For buyers
- Epping is the lower entry point at $2,710,000 median, 8% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Cheltenham offers the higher gross rental yield (2.02% vs 1.98%), favouring cash-flow investors.
- For families
- Cheltenham edges out on average school ICSEA (1138 vs 1123). Cheltenham also has a higher family-household share (88% vs 78%), so the catchment community skews family-heavy.
Epping vs Cheltenham: common questions
Is Epping or Cheltenham cheaper to buy in?
Epping has the lower median house price at $2,710,000, roughly 8% below Cheltenham ($2,955,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Epping or Cheltenham have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Cheltenham scores 1138 vs 1123 in Epping. 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, Epping or Cheltenham?
Epping scores 90/100 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, Epping or Cheltenham?
Gross rental yield on houses is 2.02% in Cheltenham vs 1.98% in Epping. 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
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