Fraud Blocker

Eltham North, VIC 3095

Home » VIC Real Estate Data » Nillumbik Shire, VIC » Eltham North, VIC 3095

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Eltham North, VIC 3095 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Sign up to see the score

Capital Growth RCS™

Sign up to see the score

Cashflow RCS™

Sign up to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Eltham North, VIC 3095”

  1. The total adult population (15 years or older) of Eltham North 3095 VIC is 5,464, with a median age of 42. Of those, 60.30% are married, 7.74% are divorced or separated, 29.63% are single and 2.47% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $11,704. The median monthly mortgage repayment for households in this suburb is $2,300 which is 19.65% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Eltham North, bearing the postcode 3095, is nestled in Victoria and is home to approximately 2,539 households. Moving into Q3 of 2023, the typical price tag attached to houses in Eltham North is set at $1,207,787. With a median weekly rent of $657, the indicative yield currently hovers around 2.83%.

    The IRSAD score, an effective measure of the local population’s socio-economic standing, chalks up to 1111 out of a possible 1217. This high score points to strong access to economic resources, above-average income levels and a significant presence of professionals living within the suburb.

    The dynamics of the local rental market appears favourable, with a low renter to owner ratio pegged at 6%. This means there’s less competition among property investors, affecting the overall appeal of the area positively. Meanwhile, the units to houses ratio, standing at 2%, suggests an ideally balanced real estate market, less likely to be oversaturated by units.

    Regarding affordability, it is estimated that it would take around 40 years to fully own a house in Eltham North. While this duration is above the typical range of 30 years, it’s crucial to consider the relatively high property values in this suburb, in combination with the other favourable metrics it boasts.

    The supply metrics are also quite encouraging in Eltham North. The stock on market Percentage for houses is minimal at 0.09%, while the inventory level for houses sits at a low 0.32 months. This points to a less saturated market, advantageous for property owners to secure renters or buyers more efficiently. The building approvals Ratio for houses is also on the lower side at 0.43%, indicating a cap on the supply of new dwellings in the foreseeable future.

    Eltham North’s demand metrics paint an equally appealing picture. With a low average of 26 days on market for houses, it suggests a higher demand, meaning properties are getting sold or leased out quickly. The vacancy rate, inclusive of houses and units, stands at 0.63%, pointing to an exceptionally high demand and occupancy.

    Finally, the buy search index for houses in Eltham North maintains a solid 5. This middle-of-the-road value indicates a stable interest among potential buyers, which is on par with the state or city average.

    While not all metric values present in the optimum zone, the majority show a healthy trending direction. It’s worth keeping in mind that the Relative Composite Score (RCS), an automated research feature developed by HtAG Analytics, assists greatly with market analyses by calculating these metrics from more than 80 variables. Summarising, the real estate market in Eltham North presents some enticing prospects for property investors and buyers agents.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment