Eltham North

POSTAL CODE: VIC, 3095
HOUSE

Based on its average 5-year and quarterly capital gains ELTHAM NORTH, 3095 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that ELTHAM NORTH, 3095 obtained a 5.11% growth over a ten-year period. It ranks 3140th on our list of suburbs that property investors should look into.

ELTHAM NORTH, 3095 in VIC belongs to the local government area of Nillumbik.

ELTHAM NORTH, 3095 has a capital gain of -1.97% for the past year, which is lower than average compared to its 17.25% growth within a five-year period.

With the median home price in ELTHAM NORTH sitting at $1,219,444, and the average rent at $797.5, property owners could potentially earn a 3.4% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in ELTHAM NORTH are low, as opposed to average gains per annum over the past five years.

Surburb overview

Eltham North is a suburb within the City of Banyule and the Shire of Nillumbik, located approximately 21 kilometres northeast of Melbourne's Central Business District.

According to the 2021 census, Eltham North has a population of 6,830. The suburb is characterised by a high proportion of family households, with 90.1% of residents identified as such and 57.8% couples with children. The median age of residents is 42, slightly higher than the Greater Melbourne median of 37.

Public transportation options in Eltham North include bus services that connect to nearby suburbs and train stations. Several bus routes serve the suburb, facilitating access to the broader Melbourne area.

Essential establishments in and around Eltham North comprise local shopping centres, schools, and healthcare facilities. The suburb is home to educational institutions such as Eltham North Primary School and Glen Katherine Primary School. 

Recreational activities are abundant, with numerous parks and reserves offering opportunities for outdoor pursuits. The Eltham North Adventure Playground is a notable facility, providing a substantial play area for children.

Eltham North's natural beauty and suburban amenities make it a distinctive part of Melbourne's northern suburbs.

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