eltham

3095, Victoria

Real Estate & Property Information

Median
Price Rank
145

eltham 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 Demographic Data

$ 630,000 Median House Price

34 Minutes Average Commute

39 Median Age

18,162 Population

51.43 % Female

48.57 % Male

5083 NO OF FAMILIES

1.9 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, Victoria.

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eltham 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 Median House Prices

  • 2008 $ 475,000
  • 2009 $ 507,875
  • 2010 $ 525,000
  • 2011 $ 610,250
  • 2012 $ 630,000

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 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 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 property price predictions.

eltham Market Property Types

  • 91 % Seperate House
  • 6 % Semi Detached
  • 2 % 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 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 Income & Mortgage Stats

  • $ 1,850 Median Weekly Household Income
  • $ 1,950 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

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 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 Sold Property Prices

eltham 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.

eltham 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?

eltham Restaurants

  • Strada Restaurant Bar1339 Main Roadeltham VIC 309503 9431 1666
  • The Burger Lounge902 Main Rd eltham VIC 309503 9431 4500
  • Shillinglaw Cafe4 Panther Placeeltham VIC 309503 9439 6315

eltham Cafes

  • Lilies on Brougham62 Brougham Streeteltham VIC 309503 9431 6622
  • The Meeting Pool at Montsalvat7 Hillcrest Avenueeltham VIC 309503 9439 7712
  • Walks Cafe1 Pryor St eltham VIC 309503 9439 2422

eltham Schools

  • Catholic Ladies College19 Diamond Streeteltham VIC 3095(03) 9439 4077Catholic Secondary School
  • Our Lady Help of Christians Primary School1-13 Henry Streeteltham VIC 3095(03) 9439 7824Catholic Primary School
  • Eltham Christian SchoolNyora Roadeltham VIC 3095(03) 9431 1115Private School

eltham Childcare

  • ABC Learning Centre816 Main Roadeltham VIC 3095
  • Eltham Child Care Co-op LtdPanther Placeeltham VIC 3095
  • Eltham Learning Ctr for Children1304 Main Roadeltham VIC 3095

eltham Kindergarten and Preschools

  • Eltham North Preschool30 Glen Park Roadeltham VIC 3095
  • Eltham Preschool907 Main Roadeltham VIC 3095
  • Eltham South PreschoolMetery Rdeltham VIC 3095

eltham Sporting Centres and Clubs

  • Elthameltham VIC 3095Skate Park Facility
  • Eltham Rugby Union FCeltham VIC 3095Football Club
  • Eltham Lower ParkMain Rdeltham VIC 3095Horse Riding Club

eltham Retirement Villages

  • Eltham Retirement Village43 Diamond Steltham VIC 3095
  • Kooringa Closeeltham VIC 3095

Find out How Much your House is Worth in eltham

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

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