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Elsternwick
AREA REPORTS

Elsternwick

Elsternwick - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3185

house
unit

Property investors enjoyed capital gains of 6.44% 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 10.94% 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 $790 based on current median home prices for the suburb.

On average, rents on listings have reached the $790 mark, reflecting a 1.93% increase in returns based on the current median price in ELSTERNWICK.

ELSTERNWICK, 3185 ranks 692nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 516th on the list of best yielding suburbs for rental properties in VIC, posting a 1.93% return.

Data report can be found below

Elsternwick
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,130,000 $700,500
GROWTH REPORT
Median Quarterly 4.28% 4.55%
Median 12 month 6.44% 0.07%
Median 3 years 10.94% 7.77%
Median 5 years 23.59% 18.53%
10 years average annual 6.53% 2.97%
Weekly media advert. rent $790 $420
Time on Market 0.0 days 70.8 days
Gross Rental Yield Percent 1.93% 3.12%
demographics (median values)*
Total Population
12929
Weekly Household Income
1830
Household Size
2.30
Age
36
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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