St Georges vs Myrtle Bank.
Comparing two suburbs with median house prices of $2,060,000 and $1,672,500. Myrtle Bank edges out on more headline metrics in this comparison.
Myrtle Bank (median $1,672,500) is roughly 23% cheaper to buy into than St Georges ($2,060,000). Over the past year, Myrtle Bank (-7.3%) ran 6.0 percentage points ahead of St Georges (-13.3%) on house-price growth.
On school quality, the average ICSEA across schools serving St Georges (1128) sits above Myrtle Bank (1125). St Georges skews owner-occupied (85%), Myrtle Bank runs more rental-dense (67% owner).
For buyers
Myrtle Bank is the lower entry point at $1,672,500 median, 23% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Myrtle Bank carries both higher gross yield (2.19% vs 2.02%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
For families
St Georges edges out on average school ICSEA (1128 vs 1125). St Georges also has a higher family-household share (80% vs 66%), so the catchment community skews family-heavy.
Common questions
Is St Georges or Myrtle Bank cheaper to buy in?
Myrtle Bank has the lower median house price at $1,672,500, roughly 23% below St Georges ($2,060,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, St Georges or Myrtle Bank?
Over the past 12 months, Myrtle Bank grew -7.3% vs -13.3% in St Georges, a gap of 6.0 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 St Georges or Myrtle Bank have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), St Georges scores 1128 vs 1125 in Myrtle Bank. 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, St Georges or Myrtle Bank?
Gross rental yield on houses is 2.19% in Myrtle Bank vs 2.02% in St Georges. 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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