Kalorama vs Mount Evelyn.
Comparing two suburbs with median house prices of $1,121,500 and $850,000. Mount Evelyn edges out on more headline metrics in this comparison.
Mount Evelyn (median $850,000) is roughly 32% cheaper to buy into than Kalorama ($1,121,500).
On school quality, the average ICSEA across schools serving Mount Evelyn (1033) sits above Kalorama (1029).
For buyers
Mount Evelyn is the lower entry point at $850,000 median, 32% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Mount Evelyn offers the higher gross rental yield (2.23% vs 1.93%), favouring cash-flow investors.
For families
Mount Evelyn edges out on average school ICSEA (1033 vs 1029).
Common questions
Is Kalorama or Mount Evelyn cheaper to buy in?
Mount Evelyn has the lower median house price at $850,000, roughly 32% below Kalorama ($1,121,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Kalorama or Mount Evelyn have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Mount Evelyn scores 1033 vs 1029 in Kalorama. 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, Kalorama or Mount Evelyn?
Gross rental yield on houses is 2.23% in Mount Evelyn vs 1.93% in Kalorama. 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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