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Eltham, 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, 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

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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™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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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.

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0 thoughts on “Eltham, VIC 3095”

  1. The total adult population (15 years or older) of Eltham 3095 VIC is 15,326, with a median age of 43. Of those, 55.81% are married, 10.03% are divorced or separated, 30.23% are single and 3.95% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $11,244. The median monthly mortgage repayment for households in this suburb is $2,250 which is 20.01% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Eltham, post code 3095, can be found in Victoria and is home to an estimated 8135 households. As we move into the third quarter of 2023, the typical price for a home in this desirable suburb is $1,135,781 AUD. In contrast, the median weekly rent sits around $642, producing an indicative yield of 2.94% which is just below the cashflow-focused investors preference of 3%.

    The socio-economic condition of the area shines brightly, with an IRSAD score of 1096 out of a possible 1217, indicating a strong access to economic resources in this neighbourhood. Moreover, the renter to owner ratio stands only at 12%, far below the 30% mark, showing a market currently dominated by homeowners. This leads to less competition between landlords and a potential for higher rental yields.

    The area leans more towards houses as the preferred type of dwelling with a units-to-houses ratio of 14%, thereby indicating a lower risk of rental market over-saturation with units and a suitable market for family-oriented tenant demographic.

    However, Eltham’s property market presents a key challenge in terms of affordability, with an affordability index indicating that buying a house in full would take approximately 40 years, a whole 10 years more than the standard 30-year mortgage model.

    In terms of supply metrics, Eltham has a very low stock on market Percentage of 0.25% and a significantly low inventory level at 0.91 months which reveals an overall low supply market, making Eltham a prime location and potential advantage for investors. As for building approvals Ratio, it’s around 0.23%, indicating a limited planned addition to the existing stock which could maintain an advantageous low supply condition.

    On the demand side, houses in Eltham don’t stay on the market for long, typically just 17 days, and a vacancy rate of 1.65% which shows a healthy demand for rentals in the market. Moreover, the buy search index for houses is at a steady 5, indicating that interest is at state average, showing moderate demand.

    In essence, the property market in Eltham, whilst experiencing some challenges in terms of affordability, boasts a low supply and steady demand, making it a potentially rewarding investment area for astute property investors with a focus on supply-demand dynamics. As with any intelligent investment approach, keep a keen eye on these statistics as they shift and ensure you stay informed on the real estate market’s developments.

    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.

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