eltham north

3095, Victoria

Real Estate & Property Information

Median
Price Rank
148

eltham north Suburb Profile & Review

So beautiful it inspired a colony of artists to set up a medieval retreat in its midst, Eltham's buildings and gardens continue to showcase its rich cultural history.

In addition to nurturing many famous artists at the iconic Montsalvat colony, Eltham is home to some truly unique attractions such as the Diamond Valley Railway, the largest rideable miniature railway in Australia. The area offers a variety of schools both public and private, such as Eltham High School and Catholic Ladies' College. The popularity of sporting clubs like the Eltham Wildcats Basketball Club, recognised as the largest junior basketball club in the world, is a testament to Eltham's superior sporting facilities.

Eltham's railway station, off-set by a historic wooden trestle bridge, services residents on the Hurstbridge line. It is an easy thirty-five minute journey to and from the city. Adjacent to the bridge is Alistair Knox Park, a popular community area with barbecues, picnic areas, a playground, a pond, sculptures, heritage trail signs and walking paths.

eltham north Demographic Data

$ 625,000 Median House Price

37 Minutes Average Commute

38 Median Age

6,841 Population

50.29 % Female

49.71 % Male

1905 NO OF FAMILIES

2.0 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 eltham north, Victoria.

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eltham north 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.

eltham north Median House Prices

  • 2008 $ 480,000
  • 2009 $ 501,000
  • 2010 $ 501,750
  • 2011 $ 620,500
  • 2012 $ 625,000

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.

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eltham north 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 eltham north 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 eltham north property price predictions.

eltham north Market Property Types

  • 98 % Seperate House
  • 1 % Semi Detached
  • 1 % Flat or Unit
  • 0 % 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.

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eltham north 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.

eltham north Income & Mortgage Stats

  • $ 2,098 Median Weekly Household Income
  • $ 2,000 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 eltham north

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.

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eltham north 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.

eltham north Sold Property Prices

eltham north 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.

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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.

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eltham north Schools

  • Holy Trinity Primary SchoolWeidlich RoadÊeltham north VIC 3095(03) 9431 0888Catholic Primary School
  • Eltham North Primary SchoolWattletree Roadeltham north VIC 3095(03) 9439 9639State Primary School
  • Glen Katherine Primary SchoolCalendonia Driveeltham north VIC 3095(03) 9431 1599State Primary School

eltham north Childcare

  • Eltham North Child Care296 Ryans Roadeltham north VIC 3095

eltham north Kindergarten and Preschools

  • Eltham College Kids296 Ryans Roadeltham north VIC 3095
  • St. Helena Preschool22-28 Wallowa Roadeltham north VIC 3095
  • Wattletree Preschool26 Wattletree Roadeltham north VIC 3095

Find out How Much your House is Worth in eltham north

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