Patchs Beach vs Pimlico.
Comparing two suburbs with median house prices of $1,150,000 and $867,500. Pimlico edges out on more headline metrics in this comparison.
Pimlico (median $867,500) is roughly 33% cheaper to buy into than Patchs Beach ($1,150,000). Over the past year, Patchs Beach (0%) ran 18.2 percentage points ahead of Pimlico (-18.2%) on house-price growth.
On school quality, the average ICSEA across schools serving Pimlico (971) sits above Patchs Beach (936). Pimlico skews owner-occupied (78%), Patchs Beach runs more rental-dense (50% owner).
For buyers
Pimlico is the lower entry point at $867,500 median, 33% 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: Pimlico delivers the better gross yield (2.58% vs 1.94%), but Patchs Beach 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
Pimlico edges out on average school ICSEA (971 vs 936). Pimlico also has a higher family-household share (80% vs 65%), so the catchment community skews family-heavy.
Common questions
Is Patchs Beach or Pimlico cheaper to buy in?
Pimlico has the lower median house price at $867,500, roughly 33% below Patchs Beach ($1,150,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Patchs Beach or Pimlico?
Over the past 12 months, Patchs Beach grew 0% vs -18.2% in Pimlico, a gap of 18.2 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.
Does Patchs Beach or Pimlico have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Pimlico scores 971 vs 936 in Patchs Beach. 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, Patchs Beach or Pimlico?
Gross rental yield on houses is 2.58% in Pimlico vs 1.94% in Patchs Beach. 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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