Mount Eliza, 3930 ranked 123th in VIC when comparing growth in median property values or capital gain over the last 12 months. Mount Eliza is one of 2098 in our list for VIC
The five-year average increase in median property values for Mount Eliza,3930 has given property investors a potential capital gain of 30.14% across each of those five years.
At number 309th of VIC’s most discounted properties, Mount Eliza is in the middle of the state/territory when listing in order of most discounted to least.
In the last year 377 properties changed hands in Mount Eliza, which puts it as the 32th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $580 and the average annual increase in value of a median property of 6.85%, investors should hope to achieve an overall return of 3.17%
Property investors who have had real estate in Mount Eliza, 3930 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.50%
Comparing Mount Eliza,3930 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Mount Eliza is giving property investors an average Vendor Discount of around -5.09%. This puts suburb at number 143th in VIC when ranking the most discounted suburbs.
At number 450 in a list of fastest selling suburbs, Mount Eliza is in the TOP 40% of suburbs in Australia with an average of days on market 62.81 for properties listed there.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 5.32%, investors should hope to achieve an overall return of 3.58%
Mt Eliza is a prestige coastal suburb, located south of Melbourne, next door to Mornington.
Information supplied by:
0409 920 917
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.