Elsternwick is a well-established suburb in Victoria within the Glen Eira local government area (postcode 3185). With a population of 10,887, the suburb has an established demographic with a median age of 38. Households earn a median income of $115K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Elsternwick is $2.0 million, having dropped significantly 12.8% over the past year. Units have a median price of $714,000 (+11.4% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,400.
Elsternwick is served by 4 schools, including 2 primary, 2 combined. The average ICSEA score is 1097, which is above the national average of 1,000. Public transport access includes 9 rail stations, 52 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Glen Eira LGA is moderate at 4,737 incidents per 100,000 population.
From an investment perspective, Elsternwick offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.0M/$875K), placing it in the premium segment. The price-to-income ratio of 17.0x is considered stretched. House prices have moved -12.8% year-on-year.
Elsternwick is a well-established suburb in Victoria within the Glen Eira local government area (postcode 3185). With a population of 10,887, the suburb has an established demographic with a median age of 38. Households earn a median income of $115K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Elsternwick is $2.0 million, having dropped significantly 12.8% over the past year. Units have a median price of $714,000 (+11.4% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,400.
Elsternwick is served by 4 schools, including 2 primary, 2 combined. The average ICSEA score is 1097, which is above the national average of 1,000. Public transport access includes 9 rail stations, 52 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Glen Eira LGA is moderate at 4,737 incidents per 100,000 population.
From an investment perspective, Elsternwick offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.0M/$875K), placing it in the premium segment. The price-to-income ratio of 17.0x is considered stretched. House prices have moved -12.8% year-on-year.