Cheltenham vs Meadowbank
Property investment comparison - Cheltenham, NSW 2119 vs Meadowbank, NSW 2114
Head-to-head across core investment metrics: Cheltenham wins 3, Meadowbank wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Cheltenham | Meadowbank |
|---|---|---|
| Median house price | $2.7M | $2.7M |
| Median unit price | - | $725K |
| Gross rental yield (houses) | 1.85% | 1.50% |
| Gross rental yield (units) | 2.77% | 5.07% |
| 1-year house growth | -8.2%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.2% | 2.1% |
| Population | 2,166 | 5,089 |
Cheltenham vs Meadowbank: what the numbers say
The median house price is $2.7M in Cheltenham and $2.7M in Meadowbank, so Cheltenham is the cheaper entry point, with Meadowbank houses about 2% dearer.
On cash flow, Cheltenham leads: houses there return a gross rental yield of 1.85%, compared with 1.50% in Meadowbank, a gap of 0.35 percentage points.
Rental vacancy is 1.2% in Cheltenham and 2.1% in Meadowbank, so landlords in Cheltenham face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Meadowbank is the bigger suburb, with a population of 5,089 against 2,166, roughly 2.3 times the size of Cheltenham; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Cheltenham for rental income, Cheltenham for a lower purchase price, Cheltenham for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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