Murrumbeena vs Carnegie.
Comparing two suburbs with median house prices of $1,950,000 and $1,810,000. Carnegie edges out on more headline metrics in this comparison.
Carnegie (median $1,810,000) is roughly 8% cheaper to buy into than Murrumbeena ($1,950,000).
Carnegie scores higher on walkability (88/100 vs 100/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Murrumbeena (1129) sits above Carnegie (1121).
For buyers
Carnegie is the lower entry point at $1,810,000 median, 8% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Murrumbeena offers the higher gross rental yield (1.95% vs 1.64%), favouring cash-flow investors.
For families
Murrumbeena edges out on average school ICSEA (1129 vs 1121).
Common questions
Is Murrumbeena or Carnegie cheaper to buy in?
Carnegie has the lower median house price at $1,810,000, roughly 8% below Murrumbeena ($1,950,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Murrumbeena or Carnegie have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Murrumbeena scores 1129 vs 1121 in Carnegie. 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, Murrumbeena or Carnegie?
Carnegie scores 100/100 on walkability vs 88/100. 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, Murrumbeena or Carnegie?
Gross rental yield on houses is 1.95% in Murrumbeena vs 1.64% in Carnegie. 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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