St Peters vs Stepney.
Comparing two suburbs with median house prices of $2,400,000 and $1,650,000. Stepney edges out on more headline metrics in this comparison.
Stepney (median $1,650,000) is roughly 45% cheaper to buy into than St Peters ($2,400,000). Over the past year, St Peters (+20%) ran 20.0 percentage points ahead of Stepney (0%) on house-price growth.
Stepney scores higher on walkability (56/100 vs 100/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Stepney (1119) sits above St Peters (1103). St Peters skews owner-occupied (71%), Stepney runs more rental-dense (60% owner).
For buyers
Stepney is the lower entry point at $1,650,000 median, 45% 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: Stepney delivers the better gross yield (2.46% vs 1.92%), but St Peters 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
Stepney edges out on average school ICSEA (1119 vs 1103). St Peters also has a higher family-household share (70% vs 54%), so the catchment community skews family-heavy.
Common questions
Is St Peters or Stepney cheaper to buy in?
Stepney has the lower median house price at $1,650,000, roughly 45% below St Peters ($2,400,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, St Peters or Stepney?
Over the past 12 months, St Peters grew +20% vs 0% in Stepney, a gap of 20.0 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 Peters or Stepney have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Stepney scores 1119 vs 1103 in St Peters. 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, St Peters or Stepney?
Stepney scores 100/100 on walkability vs 56/100. 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, St Peters or Stepney?
Gross rental yield on houses is 2.46% in Stepney vs 1.92% in St Peters. 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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