At number 1898th in the list of Australian suburbs ordered by increase in median house value over the last year, Eltham, 3095 is in the top half with a property value increase of 0.94% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Eltham comes in at number 483th in VIC.
Eltham, 3095 is offering VIC ‘s 351th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
At number 140 in a list of fastest selling suburbs, Eltham is in the TOP 10% of suburbs in Australia with an average of days on market 40.1053 for properties listed there.
Advertised rents are around the $545 mark per week – giving a return of 3.11% based on the median price in Suburb
Investment property in Eltham has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.65%
Comparing Eltham,3095 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 Eltham, 3095. Typically our figures indicate that -7.73% is being offered, which puts this VIC suburb at 183th most discounted overall in Australia.
Often selling an investment property can take time, and in Eltham the average time real estate has been on the market is 57.3529 days.
Information supplied by:
Buckingham and Company Estate Agents
(03) 9431 1496
0411 428 668
Selling points: Located just 20km north-east from the Melbourne CBD, Eltham provides a leafy suburban feel without losing touch with city living. Eltham is one of the 'green wedge' areas that provide relatively undeveloped, accessible environments within the Melbourne suburban region. These green wedge areas are under constant pressure from developments such as road and freeway expansions, but Eltham has managed to retain many tree-lined streets and leafy reserves. The median sale price for houses in Eltham has increased by 34% since 2007, while units have enjoyed a 29% boost during the same period.
Most common and sought after properties: Eltham is an affluent residential suburb located in Melbourne’s outer north-east. Families mainly populate Eltham and the housing stock reflects larger households, generally comprised of three and four-bedroom dwellings. The suburb also has tracts of commercial land centred on the railway line.
Top amenities: Eltham features the Alistair Knox Park, the Montsalvat art estate and Eltham Terraces Shopping Centre. Both public and private school options exist, with all schools in the area rated highly compared to the rest of Victoria.
Local industry and business: Eltham is known for its tourist attractions, including the artists’ colony at Montsalvat and the Diamond Valley Railway, which is the largest rideable miniature railway in Australia.
Recent changes: The character of the suburb is changing rapidly, with increased road traffic and higher-density housing becoming more common.
Best streets: Lavender Park Road, Sweeney’s Lane and others in the southern end of town, where large properties on substantial blocks provide good lifestyle.
Public transport: A combination of public buses and centralised rail provides good service for the local area, as well as surrounding areas and the CBD.
Main arteries: Main Road takes motorists from the suburb centre all the way to Melbourne, where it links with the Eastern Freeway.