AREA REPORTS

Elsternwick

Suburb Profile

Elsternwick - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3185

house
unit

Property investors enjoyed capital gains of 19.09% over the last 12 months in ELSTERNWICK, translating to lower returns compared with its peers in VIC.

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

The suburb posted a 55.78% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $799.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $799.5 mark, reflecting a 1.98% increase in returns based on the current median price in ELSTERNWICK.

ELSTERNWICK, 3185 ranks 101st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 553rd on the list of best yielding suburbs for rental properties in VIC, posting a 1.98% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,105,000 $640,000
GROWTH REPORT
Median Quarterly 0.36% -2.14%
Median 12 month 19.09% -8.57%
Median 3 years 55.78% 16.36%
Median 5 years 84.65% 31.42%
10 years average annual 9.08% 4.42%
Weekly media advert. rent $799.5 $430
Time on Market 57.5 days 54.0 days
Gross Rental Yield Percent 1.98% 3.49%
demographics (median values)
Total Population
9285
Weekly Household Income
1156
Household Size
2.30
demographics
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