VIC has seen average median house prices change by 4.75% which means that Elsternwick, 3185 has done well for property investors by showing a capital gain of -3.40% over the last year
Comparing Elsternwick,3185 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Residents and property investors in Elsternwick have been waiting around 42 days to sell a property.
The VIC suburb of Elsternwick, 3185 is in the Glen Eira (C) local government area.
Property investors who have had real estate in Elsternwick, 3185 should be ok 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 1.39%
When looking at the potential capital gains offered to property investors over the last 3 years, Elsternwick comes in at number 179th in VIC.
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 Elsternwick, 3185. Typically our figures indicate that -11.16% is being offered, which puts this VIC suburb at 127th most discounted overall in Australia.
Often selling an investment property can take time, and in Elsternwick the average time real estate has been on the market is 77.5 days.
Renters in Suburb are facing rents around $22360 per annum or $430 every week.
In the southeast part of Melbourne’s CBD lies Elsternwick, known for its lively entertainment scene. Cafes and restaurants line Glen Huntly Road, and this convenience could be a good reason why this suburb has consistently been popular with buyers.Full summary
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Entertainment hub attracts a buying crowd
Median unit price: $595,000
Three-year growth: 15.53%
Rental yield: 3.50%
In the southeast part of Melbourne’s CBD lies Elsternwick, known for its lively entertainment scene.
Cafes and restaurants line Glen Huntly Road, and this convenience could be a good reason why this suburb has consistently been popular with buyers. Elsternwick has not stumbled in recent years, with an average annual growth rate of 5.4%. The average vacancy rate fell to 1.7% in the past year, highlighting the demand in this area. Even though the returns gained by investors are not very significant, they are certainly steady.
Elsternwick is also highly accessible, being bordered by the Nepean Highway. Melbourne can be reached in less than 30 minutes by driving along Orrong Road and Princes Highway, and trams run daily to and from the capital. The Elsternwick railway station has also been established on Riddell Parade.Close