Cheltenham vs Summer Hill
Property investment comparison - Cheltenham, NSW 2119 vs Summer Hill, NSW 2130
Head-to-head across core investment metrics: Cheltenham wins 0, Summer Hill wins 2. 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 | Summer Hill |
|---|---|---|
| Median house price | $2.7M | $2.7M |
| Median unit price | - | $1.0M |
| Gross rental yield (houses) | 1.85% | - |
| Gross rental yield (units) | 2.77% | - |
| 1-year house growth | -8.2%estimate | +8.3% |
| 3-year house growth | - | +12.3% |
| Vacancy rate | 1.2% | 1.0% |
| Population | 2,166 | 7,288 |
Cheltenham vs Summer Hill: what the numbers say
Houses cost about the same in both suburbs: the median house price is $2.7M in Cheltenham and $2.7M in Summer Hill.
Over the past year house prices moved -8.2% in Cheltenham (an estimate) and +8.3% in Summer Hill, so recent momentum favours Summer Hill, while Cheltenham went backwards.
Rental vacancy is 1.0% in Summer Hill and 1.2% in Cheltenham, so landlords in Summer Hill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Summer Hill is the bigger suburb, with a population of 7,288 against 2,166, roughly 3.4 times the size of Cheltenham; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Summer Hill for recent price momentum, Summer Hill 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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