mount eliza

3930, Victoria

Real Estate & Property Information

Median
Price Rank
102

mount eliza Suburb Profile & Review

Mount Eliza is both a seaside town and an outer suburb of Melbourne, situated between Frankston and Mornington. The area offers its residents spectacular views and a friendly communal atmosphere. Its coastline is generally comprised of rugged cliffs, although there are some sandy beaches that offer fantastic swimming spots.

The commercial centre of town surrounds the intersection of Mount Eliza Way and Canadian Bay Road. Here there are boutique shops and cafes, including the ever-popular cafe on the Mount. There is also a large IGA supermarket and a Woolworths.

The suburb is popularwithretirees, as it is not far from the city, and it is also close to the spectacular Mornington Country Golf Club. However, families will find there are also plenty of schools, including a campus of the Melbourne Business School, the highly reputable Peninsula School, four primary schools and the Mount Eliza Secondary College.

mount eliza Demographic Data

$ 720,000 Median House Price

49 Minutes Average Commute

43 Median Age

17,248 Population

51.58 % Female

48.42 % Male

4792 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 mount eliza, Victoria.

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mount eliza 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.

mount eliza Median House Prices

  • 2008 $ 560,000
  • 2009 $ 590,000
  • 2010 $ 620,000
  • 2011 $ 725,000
  • 2012 $ 720,000

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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mount eliza 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 mount eliza 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 mount eliza property price predictions.

mount eliza Market Property Types

  • 92 % Seperate House
  • 5 % Semi Detached
  • 3 % 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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mount eliza 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.

mount eliza Income & Mortgage Stats

  • $ 1,695 Median Weekly Household Income
  • $ 2,167 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 mount eliza

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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mount eliza 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.

mount eliza Sold Property Prices

mount eliza 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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mount eliza Restaurants

  • Three Ducks Restaurant34 Mt Eliza Way mount eliza VIC 393003 9787 0200
  • The Gallery Bar and Grill1408 Nepean Hwy mount eliza VIC 393003 9787 2001
  • Spoon RestaurantShop 1/84 Mt Eliza Way mount eliza VIC 393003 9787 7710

mount eliza Cafes

  • Knapp's Quality Coffee40 Ranelagh Drivemount eliza VIC 393003 9787 3377
  • Cafe Gourmand64 Mount Eliza Waymount eliza VIC 393003 9787 3086
  • Boyz @ Manyung1408 Nepean Hwy (Cnr Conway St) mount eliza VIC 393003 9787 7911

mount eliza Schools

  • St. Thomas Mores Primary School313 Canadian Bay Roadmount eliza VIC 3930(03) 9787 7788Catholic Primary School
  • Toorak CollegeOld Mornington Roadmount eliza VIC 3930(03) 9788 7200Private School
  • Kunyung Primary SchoolKunyung Roadmount eliza VIC 3930(03) 9787 6102State Primary School

mount eliza Childcare

  • Eliza Cottage CC & ELC1305 Nepean Hwymount eliza VIC 3930
  • Mount Eliza House CC & ELC41 Baden Powell Plmount eliza VIC 3930
  • Peninsula School Early Childhood Education CtrWooralla Drmount eliza VIC 3930

mount eliza Kindergarten and Preschools

  • Kunyung Preschool44 Barmah Streetmount eliza VIC 3930
  • Mount Eliza Preschool95-97 Wimbledon Avemount eliza VIC 3930
  • The Peninsula School KinderWooralla Drivemount eliza VIC 3930

mount eliza Sporting Centres and Clubs

  • Canadian Bay Boat Clubmount eliza VIC 3930Boating Club
  • Daveys Bay Yacht Clubmount eliza VIC 3930Boating Club
  • Mount Elizamount eliza VIC 3930Skate Park Facility

Find out How Much your House is Worth in mount eliza

Request a free market Basic Report for mount eliza 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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