Lapstone vs Leonay
Lapstone (median $1,175,000) is roughly 10% cheaper to buy into than Leonay ($1,300,000). Over the past year, Leonay (+6.1%) ran 9.5 percentage points ahead of Lapstone (-3.4%) on house-price growth.
Buying in Lapstone or Leonay?
Selling in Lapstone? The free selling guide
Lapstone and Leonay side by side
| Measure | Lapstone | Leonay |
|---|---|---|
| Price and market | ||
| Median house | $1,175,000 | $1,300,000 |
| Median unit | $396,000 | $329,040 |
| House price change, 12 months | -3.4% | +6.1% |
| Renting | ||
| House rent | $725/wk | $660/wk |
| Unit rent | – | $590/wk |
| Owner occupied | 89.0% | 88.0% |
| Renter occupied | 11.0% | 10.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1033 | 1033 |
| Lifestyle and people | ||
| Walk score | 0 | 2 |
| Transit score | 0 | 0 |
| Bike score | 100 | 100 |
| Population | 948 | 2,582 |
| Median age | 44 | 41 |
| Climate | ||
| Annual rainfall | 794 mm | 794 mm |
| Mean max, January | 30.5°C | 30.5°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
Leonay scores higher on walkability (0/100 vs 2/100 ), useful if you're optimising for a car-light household.
- For buyers
- Lapstone is the lower entry point at $1,175,000 median, 10% 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: Lapstone delivers the better gross yield (3.21% vs 2.64%), but Leonay 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
- School and household data is too similar between the two to call a winner on family fit. Check the individual profiles for street-level school catchments.
Lapstone vs Leonay: common questions
Is Lapstone or Leonay cheaper to buy in?
Lapstone has the lower median house price at $1,175,000, roughly 10% below Leonay ($1,300,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Lapstone or Leonay?
Over the past 12 months, Leonay grew +6.1% vs -3.4% in Lapstone, a gap of 9.5 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.
Which is more walkable, Lapstone or Leonay?
Leonay scores 2/100 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, Lapstone or Leonay?
Gross rental yield on houses is 3.21% in Lapstone vs 2.64% in Leonay. 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.
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