Suburb Profile Report for Elmore VIC (3558)

Elmore House: Median price $236,000, Annual capital growth 7.29%, Number of sales 16, Weekly median advertised rent $203

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

Investment property in Elmore has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.42%

Taking the average capital gain, or increase in median house value, Elmore,3558 has racked up an average of 14.42% over the period. This ranks it number 1381th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Elmore is $236000, with sellers offering an average of -6.48% off the asking price.

At number 891 in a list of fastest selling suburbs, Elmore is in the TOP 30% of suburbs in Australia with an average of days on market 45.66 for properties listed there.

Advertised rents are around the $202.5 mark per week – giving a return of 4.46% based on the median price in Suburb

Metrics i HOUSE UNIT
$236,000 N/A
N/A N/A
14.42% N/A
7.29% N/A
$203 N/A
16 N/A
4.46% N/A
45.66 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 669
Median household income ($/weekly) 656
Median age of persons 52
Median housing loan repayment ($/monthly) 650
Average household size 2.1
  • Census Count Percent(%)
    35-44 years 75 11.2
    45-54 years 89 13.3
    55-64 years 92 13.8
    65-74 years 116 17.3
    75-84 years 76 11.4
    Others 221 33.0
    Age Group
    Census Count Percent(%)
    Registered Married 251 48.7
    Not Married 229 44.5
    Defacto Relationship 35 6.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 568 91.9
    Greece 5 0.8
    Hong Kong 4 0.6
    Papua New Guinea 7 1.1
    United Kingdom 17 2.8
    Others 17 2.8
    Country of Birth
    Census Count Percent(%)
    Christianity 489 82.7
    No Religion 99 16.8
    Buddhism 3 0.5
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 45 16.4
    $400-$599 52 18.9
    $600-$799 34 12.4
    $800-$999 25 9.1
    $1,000-$1,249 28 10.2
    Others 91 33.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 286 53.9
    Employed, worked full-time 129 24.3
    Employed, worked part-time 76 14.3
    Employed, away from work 30 5.6
    Unemployed, looking for work 10 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 40 17.2
    Professionals 29 12.4
    Technicians & trades workers 36 15.5
    Machinery operators & drivers 30 12.9
    Labourers 29 12.4
    Others 69 29.6
    Occupation
    Census Count Percent(%)
    Pre-school 9 8.3
    Infants/Primary 36 33.3
    Secondary 40 37.0
    Technical or Further Educational Institution 12 11.1
    University or other Tertiary Institutions 8 7.4
    Others 3 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 572 91.8
    Semi-detached, row or terrace house, townhouse 20 3.2
    Caravan, cabin, houseboat 14 2.2
    Flat, unit or apartment 9 1.4
    House or flat attached to a shop, office 8 1.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 159 55.4
    Being purchased 79 27.5
    Rented 49 17.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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