Elanora is a well-established suburb in Queensland within the Gold Coast local government area (postcode 4221). With a population of 12,539, the suburb has an established demographic with a median age of 42. Households earn a median income of $91K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Elanora is $1.2 million, having grown strongly 8.5% over the past year. Units have a median price of $740,000 (+11.3% YoY). The current median weekly rent is $950. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $2,100.
Elanora is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1042, which is around the national average of 1,000. Public transport access includes 47 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Elanora offers a gross rental yield of 4.0%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.1M). The price-to-income ratio of 13.8x is considered stretched. House prices have moved +8.5% year-on-year.
Elanora is a well-established suburb in Queensland within the Gold Coast local government area (postcode 4221). With a population of 12,539, the suburb has an established demographic with a median age of 42. Households earn a median income of $91K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Elanora is $1.2 million, having grown strongly 8.5% over the past year. Units have a median price of $740,000 (+11.3% YoY). The current median weekly rent is $950. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $2,100.
Elanora is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1042, which is around the national average of 1,000. Public transport access includes 47 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Elanora offers a gross rental yield of 4.0%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.1M). The price-to-income ratio of 13.8x is considered stretched. House prices have moved +8.5% year-on-year.