Side by sideSuburb comparison

Highett vs Cheltenham North.

Comparing two suburbs with median house prices of $1,555,000 and $1,042,500. Cheltenham North edges out on more headline metrics in this comparison.

Cheltenham North (median $1,042,500) is roughly 49% cheaper to buy into than Highett ($1,555,000).

Cheltenham North scores higher on walkability (40/100 vs 100/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Highett (1106) sits above Cheltenham North (1100).

The takeWhich suburb suits which buyer

For buyers

Cheltenham North is the lower entry point at $1,042,500 median, 49% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.

For investors

Cheltenham North offers the higher gross rental yield (2.14% vs 1.44%), favouring cash-flow investors.

For families

Highett edges out on average school ICSEA (1106 vs 1100).

Common questionsHighett vs Cheltenham North

Common questions

Is Highett or Cheltenham North cheaper to buy in?

Cheltenham North has the lower median house price at $1,042,500, roughly 49% below Highett ($1,555,000). The gap on units is usually similar but worth checking on the full suburb profiles.

Does Highett or Cheltenham North have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Highett scores 1106 vs 1100 in Cheltenham North. 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, Highett or Cheltenham North?

Cheltenham North scores 100/100 on walkability vs 40/100. 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, Highett or Cheltenham North?

Gross rental yield on houses is 2.14% in Cheltenham North vs 1.44% in Highett. 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

Highett
Metric
Cheltenham North

Price & Market

$1,555,000
Median house
$1,042,500
$677,000
Median unit
$597,500
+0.0%
Annual growth (house)
+0.0%
Days on market

Rental

$430/wk
Rent (house / wk)
$430/wk
$430/wk
Rent (unit / wk)
$366/wk
70.0%
Owner occupied
27.0%
Renter occupied

Lifestyle & Demographics

40
Walk score
100
20
Transit score
0
100
Bike score
100
12,016
Population
24,129
40
Median age
40

Risk & Hazard

Flood class
Bushfire risk

Schools

20
Schools nearby
20
1106
Avg ICSEA
1100

Climate

639 mm
Annual rainfall
639 mm
25.9°C
Mean max (Jan)
25.9°C

Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).