Over the last year, property investments in Elsternwick, 3185 have given investors a capital gain of 11.66%. This compares favourably with the 8.96% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Elsternwick comes in at number 326th in VIC.
Elsternwick3185 is located in VIC which offers an average discount of -5.87% to property investors. Elsternwick itself is showing figures that indicate 0.00% is the average achievable by property buyers investing in the suburb.
Property value increases in Elsternwick have tracked higher than the VIC average of 4.26% over the last 12 months.
The five-year average increase in median property values for Elsternwick,3185 has given property investors a potential capital gain of 22.30% across each of those five years.
Our latest figures would indicate that property sellers in Elsternwick are currently offering property investors an average price cut of -4.02% below the asking price at the moment.
At number 354 in a list of fastest selling suburbs, Elsternwick is in the TOP 30% of suburbs in Australia with an average of days on market 56.78 for properties listed there.
Elsternwick is 303th on a list of best yielding suburbs for rents in VIC with a 3.39% return
In the southeast part of Melbourne’s CBD lies Elsternwick, known for its lively entertainment scene. Cafes and restaurants line Glen Huntly Road, and this convenience could be a good reason why this suburb has consistently been popular with buyers.Full summary
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Entertainment hub attracts a buying crowd
Median unit price: $595,000
Three-year growth: 15.53%
Rental yield: 3.50%
In the southeast part of Melbourne’s CBD lies Elsternwick, known for its lively entertainment scene.
Cafes and restaurants line Glen Huntly Road, and this convenience could be a good reason why this suburb has consistently been popular with buyers. Elsternwick has not stumbled in recent years, with an average annual growth rate of 5.4%. The average vacancy rate fell to 1.7% in the past year, highlighting the demand in this area. Even though the returns gained by investors are not very significant, they are certainly steady.
Elsternwick is also highly accessible, being bordered by the Nepean Highway. Melbourne can be reached in less than 30 minutes by driving along Orrong Road and Princes Highway, and trams run daily to and from the capital. The Elsternwick railway station has also been established on Riddell Parade.Close