Suburb Profile Report for Mount Eliza VIC (3930)

Mount Eliza House: Median price $887,500, Annual capital growth 6.06%, Number of sales 366, Weekly median advertised rent $573

Mount Eliza Unit: Median price $465,000, Annual capital growth 4.70%, Number of sales 65, Weekly median advertised rent $325

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Mount Eliza has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.23% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Mount Eliza comes in at number 367th in VIC.

Property buyers and investors in Mount Eliza 3930 should be seeing an average reduction in asking price of around -5.83% . This means that Mount Eliza is holding prices well when compared to other suburbs in VIC.

Mount Eliza is in the bottom 30% in VIC when comparing median price capital growth over the last year. Mount Eliza gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.95%.

Mount Eliza,3930 has offered an average of -1.95% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mount Eliza, 3930. Typically our figures indicate that -6.01% is being offered, which puts this VIC suburb at 481th most discounted overall in Australia.

Often selling an investment property can take time, and in Mount Eliza the average time real estate has been on the market is 60.23 days.

Using the current median advertised rental of $325 and the average annual increase in value of a median property of 4.70%, investors should hope to achieve an overall return of 3.63%

Andrew Melas Information supplied by:

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eView

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Mt Eliza is a prestige coastal suburb, located south of Melbourne, next door to Mornington.
The suburb boasts luxurious homes and successful owners, including Hugh Jackman and Paul Mercurio. You are unlikely to find massive bargains here, with the large homes attracting prices starting at $800,000 and going well into the millions.
Streets close to the beach and with bay views are the most popular, with many featuring tennis courts and pools.
The suburb's centre consists mostly of small cafes and boutique shops, with organic grocers and a couple of travel agents.
Nearby Frankston is where you would go for public transport, including a comprehensive bus service and direct train line to the Melbourne CBD.Full summary

Selling points: Mt Eliza is a prestigious suburb, sought after by successful people looking for luxurious homes and larger land sites, views, etc. Prices range from $800,000 up to $8 million. Well-known business identities and famous people have made Mt Eliza home, including Hugh Jackman and Paul Mercurio, who are regularly seen in the Mt Eliza Village.

Most sought after properties: Homes close to the beach or with views are in high demand.

Most common properties: Large homes on large blocks, featuring pools and tennis courts.

Top amenities: Mt Eliza is characterised by a quaint village atmosphere with numerous cafes, restaurants, organic grocers and clothing boutiques. It is bordered by Port Phillip Bay and pristine beaches, yacht clubs and Life Saving associations.

Local industry and business: Mt Eliza has no major industry and has a very small shopping precinct with cafes and restaurants dominating the strip, plus a few clothes shops, travel agents and two small supermarkets.

Recent changes: Mt Eliza has largely remained untouched for the last 20 years. There is little room for expansion in the shopping area and no available land, so apart from some refurbishment of shop fronts and the occasional knock-down and rebuild of residential homes the area has changed very little.

Best streets: The best areas are close to the beach and properties that have bay views.

Public transport: Mt Eliza only has a bus service into Frankston each 1.5 hours or so, but Frankston has the train from the CBD direct to Melbourne and also a very comprehensive bus service to most parts of suburban Melbourne.

Main arteries: Mt Eliza is a five minute drive on the Nepean Hwy into Frankston and the Freeway system; or you can continue on the Nepean Hwy into Melbourne City or bay side suburbs.

Close
HOUSE UNIT
$887,500 $465,000
3.20% 4.49%
8.23% -1.95%
6.06% 4.70%
$573 $325
366 65
3.35% 3.63%
52.58 60.23

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Mount Eliza VIC
Demographics
Total population 17247
Median household income ($/weekly) 1695
Median age of persons 43
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 2605 15.1
    35-44 years 2393 13.9
    45-54 years 2690 15.6
    55-64 years 2407 14.0
    65-74 years 1795 10.4
    Others 5358 31.1
    Age Group
    Census Count Percent(%)
    Registered Married 7693 62.8
    Not Married 3896 31.8
    Defacto Relationship 665 5.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 12375 75.0
    Papua New Guinea 256 1.6
    South Africa 163 1.0
    United Kingdom 2182 13.2
    Other 364 2.2
    Others 1157 7.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 156 1.0
    Christianity 10369 66.2
    Hinduism 119 0.8
    Other Religious Groups 48 0.3
    No Religion 4906 31.3
    Others 68 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 454 8.9
    $1,500-$1,999 608 11.9
    $2,000-$2,499 480 9.4
    $2,500-$2,999 702 13.7
    $3,000-$3,499 456 8.9
    Others 2418 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4814 36.5
    Employed, worked full-time 4642 35.2
    Employed, worked part-time 3016 22.9
    Employed, away from work 449 3.4
    Unemployed, looking for work 268 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 1564 19.3
    Professionals 2222 27.4
    Technicians & trades workers 921 11.4
    Clerical & administrative workers 1167 14.4
    Sales 854 10.5
    Others 1377 17.0
    Occupation
    Census Count Percent(%)
    Pre-school 344 7.5
    Infants/Primary 1694 37.2
    Secondary 1518 33.3
    Technical or Further Educational Institution 268 5.9
    University or other Tertiary Institutions 626 13.7
    Others 109 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 15141 95.8
    Semi-detached, row or terrace house, townhouse 425 2.7
    Flat, unit or apartment 234 1.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2611 45.8
    Being purchased 2531 44.4
    Rented 536 9.4
    Other tenure type 24 0.4
    Tenure Type
Census 2011, ABS
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