Mount Eliza

POSTAL CODE: VIC, 3930

HOUSE

UNIT

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

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,650,000.

The downward trend in home prices in MOUNT ELIZA, 3930 averaged -1.55% per annum over a 3-year period.

Average weekly rents on listings have reached the $1000 mark, reflecting a 3.15% increase in returns based on the current median price in MOUNT ELIZA.

An average of 24.08 real estate transactions take place per month in MOUNT ELIZA which translates to 289 per annum.

289 properties were sold in MOUNT ELIZA in 2016, making it the 357th most active market in VIC based on total real estate transactions.

MOUNT ELIZA, 3930 places 215th in Australia based on median property value growth during the quarter.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $890,000.

Average median unit prices in VIC have risen as a whole, pulling MOUNT ELIZA, 3930 values up and netting property investors a capital gain of 0.85% for the past year.

Investors saw the median home price rise to $890,000.

The upward trend in home prices in MOUNT ELIZA, 3930 averaged 0.38% per annum over a 3-year period.

MOUNT ELIZA now ranks at the 250th place on a list of fastest growing suburbs in the territory.

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

Real estate investors could earn a rental income of $527.5 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In MOUNT ELIZA, homes and units usually stay on listing for an average of 52.7 days.

37 properties were sold in MOUNT ELIZA in 2016, making it the 156th most active market in VIC based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,650,000	$890,000
Growth Report
Median Quarterly	2.96%	0.56%
Median 12 month	3.29%	0.85%
Median 3 years	-4.65%	1.14%
Median 5 years	26.92%	36.92%
10 years average annual	7.62%	6.95%
Weekly media advert. rent	$1,000	$528
Time on Market	72.5 days	52.7 days
Gross Rental Yield Percent	3.15%	3.08%

Demographics (Median Values)*

Total Population 17888

Weekly Household Income 2030

Household Size 2.80

Average Age 44

Monthly Loan Repayment 2200

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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