Mount Eliza is a well-established suburb in Victoria within the Mornington Peninsula local government area (postcode 3930). With a population of 18,734, the suburb has a mature demographic with a median age of 45. Households earn a median income of $132K 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 Mount Eliza is $1.6 million, having declined 6.6% over the past year. Units have a median price of $875,000 (+16.7% YoY). The median weekly rent is $512 (Census 2021). This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,600.
Mount Eliza is served by 7 schools, including 4 primary, 1 secondary, 2 combined. The average ICSEA score is 1111, which is well above the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Mount Eliza offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 12.0x is considered stretched. House prices have moved -6.6% year-on-year.
Mount Eliza is a well-established suburb in Victoria within the Mornington Peninsula local government area (postcode 3930). With a population of 18,734, the suburb has a mature demographic with a median age of 45. Households earn a median income of $132K 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 Mount Eliza is $1.6 million, having declined 6.6% over the past year. Units have a median price of $875,000 (+16.7% YoY). The median weekly rent is $512 (Census 2021). This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,600.
Mount Eliza is served by 7 schools, including 4 primary, 1 secondary, 2 combined. The average ICSEA score is 1111, which is well above the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Mount Eliza offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 12.0x is considered stretched. House prices have moved -6.6% year-on-year.