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Elliminyt

POSTAL CODE: VIC, 3250
HOUSE

Property investments in ELLIMINYT fare well against the rest of the country last year, registering a median home price increase of 13.3%.

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

Based on its average 5-year and quarterly capital gains ELLIMINYT, 3250 saw average growth in the long term.

Real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 100.9 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $660,000.

ELLIMINYT ranks 591st on the list of best yielding suburbs for rental properties in VIC, posting a N/A return.

Surburb overview

Elliminyt is a residential and semi-rural locality immediately south-east of Colac in south-west Victoria, within Colac Otway Shire. It is located about 150 kilometres south-west of Melbourne and adjoins the main urban area of Colac.

The 2021 Census recorded a population of 3,011 people.

Elliminyt has developed as a residential growth area for the Colac district, with a mix of established homes, newer housing estates and larger lifestyle properties on the urban fringe. Detached houses account for most occupied private dwellings in the locality.

The surrounding region has strong links to agriculture, particularly dairy farming and grazing, while many residents also work in retail, healthcare, education and service industries based in nearby Colac.

Elliminyt Primary School serves local students, while secondary schools and additional education facilities are located in Colac.

Residents commonly access supermarkets, healthcare, and commercial services in Colac, including Colac Area Health and regional sporting facilities that serve the wider district.

Public transport access is provided via the nearby Colac railway station, which offers V/Line rail services connecting Melbourne and Warrnambool via south-west Victoria.

Recreational opportunities in the area include local sporting reserves, playgrounds, and walking areas, while Lake Colac and the Colac Botanic Gardens are a short drive away.

The wider region also provides access to the Otway hinterland and Great Ocean Road tourism corridor, supporting outdoor recreation and visitor activity across south-west Victoria. 

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