Suburb Profile Report for Eltham VIC (3095)

Eltham House: Median price $896,500, Annual capital growth 7.11%, Number of sales 190, Weekly median advertised rent $500

Eltham Unit: Median price $655,000, Annual capital growth 7.30%, Number of sales 67, Weekly median advertised rent $405

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Eltham, 3095 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.92%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Eltham has increased when compared to the 5 year average annual rate.

Property investors should expect to get $500 weekly from the median priced house in this suburb.

At number 228th in the list of Australian suburbs ordered by increase in median house value over the last year, Eltham, 3095 is in the top 20% with a property value increase of 17.49% recorded in median house prices.

A 53.22% growth in median value for property investors in Eltham,3095 puts this suburb at number 50th in terms of best performing suburbs in VIC

On average over the past year, suburb has had 5.58 sales per month, which equates to 67 per year.

Property investors should expect to get $405 weekly from the median priced house in this suburb.

Doug Klueh Information supplied by:

Doug Klueh
Buckingham and Company Estate Agents

M (03) 9431 1496
O 0411 428 668

An affluent suburb located 20km to the north-east of the Melbourne CBD, Eltham is populated mostly by families, who live in large, three and four-bedroom homes on substantial blocks.
The 'green wedge suburb', which provides corners of untouched nature and plenty of tree-lined streets, also plays host to a famous artist colony, a major shopping complex and both public and private schooling.
Eltham has enjoyed significant median growth in recent years and its best properties can be found in the south end of town. The suburb is experiencing somewhat of an awakening from its sleepy past, with high density housing and heavier traffic beginning to filter in.Full summary

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.





Metrics i HOUSE UNIT
$896,500 $655,000
2.46% 7.38%
11.92% 17.49%
7.11% 7.30%
$500 $405
190 67
2.90% 3.22%

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Eltham VIC
Total population 18162
Median household income ($/weekly) 1850
Median age of persons 39
Median housing loan repayment ($/monthly) 1950
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 2611 14.4
    25-34 years 1563 8.6
    35-44 years 2785 15.3
    45-54 years 2953 16.3
    55-64 years 2606 14.3
    Others 5645 31.1
    Age Group
    Census Count Percent(%)
    Registered Married 7636 56.4
    Not Married 4912 36.3
    Defacto Relationship 989 7.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 14682 83.6
    Japan 159 0.9
    Papua New Guinea 203 1.2
    United Kingdom 1085 6.2
    Other 360 2.0
    Others 1083 6.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 185 1.1
    Christianity 10304 61.7
    Islam 103 0.6
    Other Religious Groups 90 0.5
    No Religion 5940 35.6
    Others 75 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 435 7.9
    $1,500-$1,999 686 12.5
    $2,000-$2,499 630 11.5
    $2,500-$2,999 759 13.8
    $3,000-$3,499 525 9.6
    Others 2455 44.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5885 42.0
    Not in the labour force 3713 26.5
    Employed, worked part-time 3525 25.2
    Employed, away from work 511 3.6
    Unemployed, looking for work 367 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 1514 15.3
    Professionals 2824 28.5
    Technicians & trades workers 1307 13.2
    Clerical & administrative workers 1537 15.5
    Sales 1007 10.2
    Others 1725 17.4
    Census Count Percent(%)
    Pre-school 416 8.2
    Infants/Primary 1678 33.1
    Secondary 1502 29.6
    Technical or Further Educational Institution 415 8.2
    University or other Tertiary Institutions 913 18.0
    Others 143 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 16410 94.6
    Semi-detached, row or terrace house, townhouse 686 4.0
    Flat, unit or apartment 224 1.3
    House or flat attached to a shop, office 25 0.1
    Caravan, cabin, houseboat 4 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2814 46.5
    Fully owned 2434 40.3
    Rented 766 12.7
    Other tenure type 32 0.5
    Tenure Type
Census 2011, ABS
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