Greenhill vs Waterfall Gully.
Comparing two suburbs with median house prices of $1,191,500 and $1,295,000. Waterfall Gully edges out on more headline metrics in this comparison.
Greenhill (median $1,191,500) is roughly 8% cheaper to buy into than Waterfall Gully ($1,295,000). Over the past year, Waterfall Gully (0%) ran 31.4 percentage points ahead of Greenhill (-31.4%) on house-price growth.
On school quality, the average ICSEA across schools serving Waterfall Gully (1125) sits above Greenhill (1121).
For buyers
Greenhill is the lower entry point at $1,191,500 median, 8% 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: Greenhill delivers the better gross yield (2.18% vs 1.65%), but Waterfall Gully 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
Waterfall Gully edges out on average school ICSEA (1125 vs 1121).
Common questions
Is Greenhill or Waterfall Gully cheaper to buy in?
Greenhill has the lower median house price at $1,191,500, roughly 8% below Waterfall Gully ($1,295,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Greenhill or Waterfall Gully?
Over the past 12 months, Waterfall Gully grew 0% vs -31.4% in Greenhill, a gap of 31.4 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 Greenhill or Waterfall Gully have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Waterfall Gully scores 1125 vs 1121 in Greenhill. 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, Greenhill or Waterfall Gully?
Gross rental yield on houses is 2.18% in Greenhill vs 1.65% in Waterfall Gully. 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).
Compare Greenhill against another suburb