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Elaine, VIC 3334
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$970,000
list-price estimate
Median Unit
$375,000
Gross Yield (houses)
2.7%
1yr Growth
-
Investment snapshot for Elaine
Elaine has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Elaine market and investor summary
In Elaine, VIC 3334, houses show a gross rental yield of 2.7%.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.7% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Elaine: people, income and schools
Elaine has a resident population of roughly 232, a number that has held fairly steady over five years. At a median age of 44, it reads as skewed a little older, and 79% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $92,000 a year (about $1,770 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). Incomes have risen about 47% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 232
- +5% over 5yr
- Median age
- 44 years
- Median household income
- $92,000/yr
- Households renting
- 16%
- Family households
- 63%
- Socio-economic rank
- 4/10
- ABS advantage index
- Unemployment
- 1.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Elaine
No properties currently listed in Elaine
Search Elaine listings →Frequently asked questions about Elaine
What should I check before investing in Elaine?
Elaine has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Elaine?
The median property price in Elaine, VIC 3334 is $375K for units.
What rental yield does Elaine show?
The gross rental yield in Elaine is 2.7% for houses and 3.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How many people live in Elaine?
Elaine has a population of approximately 232 residents, with a median age of 44.
Is Elaine's population growing?
The population of Elaine has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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