Eltham is a well-established suburb in Victoria within the Nillumbik local government area (postcode 3095). With a population of 18,847, the suburb has an established demographic with a median age of 43. Households earn a median income of $124K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Eltham is $1.2 million, having increased 4.7% over the past year. Units have a median price of $780,000 (+7.6% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,250.
Eltham is served by 5 schools, including 3 primary, 2 secondary. The average ICSEA score is 1115, which is well above the national average of 1,000. Public transport access includes 9 rail stations, 43 bus stops. The crime rate in the Nillumbik LGA is below average at 3,681 incidents per 100,000 population.
From an investment perspective, Eltham offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 10.0x is considered stretched. House prices have moved +4.7% year-on-year.
Eltham is a well-established suburb in Victoria within the Nillumbik local government area (postcode 3095). With a population of 18,847, the suburb has an established demographic with a median age of 43. Households earn a median income of $124K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Eltham is $1.2 million, having increased 4.7% over the past year. Units have a median price of $780,000 (+7.6% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,250.
Eltham is served by 5 schools, including 3 primary, 2 secondary. The average ICSEA score is 1115, which is well above the national average of 1,000. Public transport access includes 9 rail stations, 43 bus stops. The crime rate in the Nillumbik LGA is below average at 3,681 incidents per 100,000 population.
From an investment perspective, Eltham offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 10.0x is considered stretched. House prices have moved +4.7% year-on-year.