edithvale

3196, Victoria

Real Estate & Property Information

Median
Price Rank
183

edithvale Suburb Profile & Review

Edithvale is a quiet seaside suburb in Melbourne's south-east. It partly overlooks the Edithvale Wetlands, a remnant of the Carrum Carrum Swamp, which is home to over 190 species of bird. A bike track borders the wetlands and proves popular with birdwatchers and joggers. Students of Edithvale Primary, the suburb's sole school, are encouraged to be environmentally aware due to their unique location.

Visitors to Edithvale Beach can stroll to a small cluster of shops and cafes such as Ambermoon cafe and Marcel's cafe. Edithvale Station is also found in this precinct. Trains travel to Flinders Street on the Frankston line in forty-five minutes. The beach itself, a beautiful stretch of pure white sand lined with historic bathing boxes, is extremely popular during the summer months. Revellers can indulge in fishing and surfing as well as swimming.

Residents complete most of their daily shopping in Chelsea and Mordialloc, while Westfield Southland, with its cinema complex and department stores, is twenty minutes away along the Nepean Highway. The city itself can be reached in fifty minutes.

edithvale Demographic Data

$ 585,000 Median House Price

39 Minutes Average Commute

39 Median Age

5,450 Population

51.50 % Female

48.50 % Male

1456 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in edithvale, Victoria.

Learn more about data
X

edithvale Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

edithvale Median House Prices

  • 2008 $ 465,000
  • 2009 $ 481,250
  • 2010 $ 482,500
  • 2011 $ 610,000
  • 2012 $ 585,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

Learn more about data
X

edithvale 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in edithvale have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term edithvale property price predictions.

edithvale Market Property Types

  • 70 % Seperate House
  • 18 % Semi Detached
  • 11 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

Learn more about data
X

edithvale Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

edithvale Income & Mortgage Stats

  • $ 1,299 Median Weekly Household Income
  • $ 1,900 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in edithvale

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

Learn more about data
X

edithvale Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

edithvale Sold Property Prices

edithvale Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

edithvale Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

edithvale Restaurants

  • Edithvale Fish & Chips238A Nepean Hwy edithvale VIC 319603 9773 1623
  • Edithvale Curry House6/229 Nepean Hwy edithvale VIC 319603 9772 8516
  • Brown Rice249 Nepean Hwy edithvale VIC 319603 9773 3999

edithvale Cafes

  • Jaf Caf245 Nepean Highwayedithvale VIC 319603 9772 2122
  • Ambermoon Cafe and New Age Store244 Nepean Highwayedithvale VIC 319603 9772 9922
  • Edithvale Curry CafeShop 6/229, Nepean Highwayedithvale VIC 319603 9772 6194

edithvale Schools

  • Edithvale Primary SchoolEdithvale Roadedithvale VIC 3196(03) 9772 1393State Primary School

edithvale Childcare

  • Lochiel Avenue Child Care Centre6 Lochiel Avenueedithvale VIC 3196

edithvale Kindergarten and Preschools

  • Edithvale Preschool Centre29 Fraser Avenueedithvale VIC 3196

edithvale Sporting Centres and Clubs

  • Chelsea, Edithvale Recreation ReserveEdithvale Rdedithvale VIC 3196Athletics Club
  • Edithvaleedithvale VIC 3196Bowling Club
  • Chelsea (Edithvale)edithvale VIC 3196Golf Course

Find out How Much your House is Worth in edithvale

Request a free market Basic Report for edithvale to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

Download Free Market Report
Share with friendsX