North Epping vs Cheltenham

North Epping (median $2,482,650) is roughly 16% cheaper to buy into than Cheltenham ($2,955,000).

Buying in North Epping or Cheltenham?

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North Epping and Cheltenham side by side

MeasureNorth EppingCheltenham
Price and market
Median house$2,482,650$2,955,000
Median unit$414,000$549,360
House price change, 12 months+7.9%–
Renting
House rent$1030/wk$1150/wk
Unit rent$800/wk$700/wk
Owner occupied87.0%90.0%
Renter occupied12.0%9.0%
Schools
Schools nearby2020
Average ICSEA11271138
Lifestyle and people
Walk score240
Transit score030
Bike score10080
Population4,6572,166
Median age4446
Climate
Annual rainfall1113 mm1113 mm
Mean max, January28.0°C28.0°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

North Epping scores higher on walkability (24/100 vs 0/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Cheltenham (1138) sits above North Epping (1127).

For buyers
North Epping is the lower entry point at $2,482,650 median, 16% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
North Epping offers the higher gross rental yield (2.16% vs 2.02%), favouring cash-flow investors.
For families
Cheltenham edges out on average school ICSEA (1138 vs 1127).

North Epping vs Cheltenham: common questions

Is North Epping or Cheltenham cheaper to buy in?

North Epping has the lower median house price at $2,482,650, roughly 16% below Cheltenham ($2,955,000). The gap on units is usually similar but worth checking on the full suburb profiles.

Does North Epping or Cheltenham have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Cheltenham scores 1138 vs 1127 in North Epping. 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, North Epping or Cheltenham?

North Epping scores 24/100 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, North Epping or Cheltenham?

Gross rental yield on houses is 2.16% in North Epping vs 2.02% in Cheltenham. 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.