Elmore is a small community in Victoria within the Greater Bendigo local government area (postcode 3558). With a population of 847, the suburb has a mature demographic with a median age of 52. Households earn a median income of $47K per year, with an average household size of 2.1 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Elmore is $324,000, having dropped significantly 9.5% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $1,083.
Elmore is served by 2 schools, including 2 primary. The average ICSEA score is 984, which is around the national average of 1,000. Public transport access includes 2 rail stations, 1 bus stop. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, Elmore offers a gross rental yield of 7.1%, rated as high yield. Property prices sit below the state median ($324K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.9x is considered moderate. House prices have moved -9.5% year-on-year.
Elmore is a small community in Victoria within the Greater Bendigo local government area (postcode 3558). With a population of 847, the suburb has a mature demographic with a median age of 52. Households earn a median income of $47K per year, with an average household size of 2.1 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Elmore is $324,000, having dropped significantly 9.5% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $1,083.
Elmore is served by 2 schools, including 2 primary. The average ICSEA score is 984, which is around the national average of 1,000. Public transport access includes 2 rail stations, 1 bus stop. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, Elmore offers a gross rental yield of 7.1%, rated as high yield. Property prices sit below the state median ($324K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.9x is considered moderate. House prices have moved -9.5% year-on-year.