Norwood vs Stepney
Stepney (median $1,379,750) is roughly 36% cheaper to buy into than Norwood ($2,157,500).
Buying in Norwood or Stepney?
Selling in Norwood? The free selling guide
Norwood and Stepney side by side
| Measure | Norwood | Stepney |
|---|---|---|
| Price and market | ||
| Median house | $2,157,500 | $1,379,750 |
| Median unit | $340,560 | $344,880 |
| House price change, 12 months | – | +2.1% |
| Renting | ||
| House rent | $730/wk | $695/wk |
| Unit rent | $620/wk | $600/wk |
| Owner occupied | 51.0% | 60.0% |
| Renter occupied | 44.0% | 36.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1110 | 1119 |
| Lifestyle and people | ||
| Walk score | 100 | 100 |
| Transit score | 0 | 0 |
| Bike score | 100 | 100 |
| Population | 6,354 | 942 |
| Median age | 40 | 39 |
| Climate | ||
| Annual rainfall | 535 mm | 535 mm |
| Mean max, January | 29.8°C | 29.8°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
On school quality, the average ICSEA across schools serving Stepney (1119) sits above Norwood (1110).
- For buyers
- Stepney is the lower entry point at $1,379,750 median, 36% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Stepney offers the higher gross rental yield (2.62% vs 1.76%), favouring cash-flow investors.
- For families
- Stepney edges out on average school ICSEA (1119 vs 1110).
Norwood vs Stepney: common questions
Is Norwood or Stepney cheaper to buy in?
Stepney has the lower median house price at $1,379,750, roughly 36% below Norwood ($2,157,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Norwood or Stepney have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Stepney scores 1119 vs 1110 in Norwood. 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, Norwood or Stepney?
Gross rental yield on houses is 2.62% in Stepney vs 1.76% in Norwood. 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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