Giving property investors a a poor capital gain of -10.09% for the last year, Eltham, 3095 is the 3362th highest performer in Australia in this respect.
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.
LACK OF BUYER INTEREST may well be the reason that Eltham is offering property investors an average of -6.82. This rate of discount on properties puts Suburb at number 265th in terms of most discounted suburbs in VIC
Residents and property investors in Eltham have been waiting around 49.7037 days to sell a property.
Advertised rents are around the $520 mark per week – giving a return of 3.13% based on the median price in Suburb
With a capital gain of -13.42% for the last 12 months, Eltham, 3095 has performed for property investments than its average annual 6.13% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Eltham comes in at number 166th in VIC.
LACK OF BUYER INTEREST may well be the reason that Eltham is offering property investors an average of -6.24. This rate of discount on properties puts Suburb at number 54th in terms of most discounted suburbs in VIC
In the last year 37 properties changed hands in Eltham, which puts it as the 159th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $445 weekly from the median priced house in this suburb.
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.