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Elingamite North, VIC 3266

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$500,000

market range $475K-$900K

Median Unit

$635,000

list-price estimate

Gross Yield (houses)

3.4%

1yr Growth

-

Investment snapshot for Elingamite North

Elingamite North has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Elingamite North market and investor summary

In Elingamite North, VIC 3266, the median house sells for around $500K, on a gross rental yield of 3.4% for houses. At 0.5% vacancy, it is a tight rental market that favours landlords.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.4% will not cover holding costs in the early years, so the case leans on price appreciation.

Living in Elingamite North: people, income and schools

Elingamite North is home to around 118 people, a number that has held fairly steady over five years. At a median age of 35, it reads as broadly working-age, and 85% 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 $101,000 a year (about $1,940 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to roughly 5.0 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 13% over five years, which tends to underpin what local buyers can pay.

Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
118
-2% over 5yr
Median age
35 years
Median household income
$101,000/yr
Households renting
15%
Family households
89%
Socio-economic rank
4/10
ABS advantage index
Unemployment
1.3%

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Elingamite North

No properties currently listed in Elingamite North

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Frequently asked questions about Elingamite North

What should I check before investing in Elingamite North?

Elingamite North has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Elingamite North?

The median property price in Elingamite North, VIC 3266 is $500K for houses.

What rental yield does Elingamite North show?

The gross rental yield in Elingamite North is 3.4% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

How tight is the rental market in Elingamite North?

The current vacancy rate in Elingamite North is 0.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Elingamite North?

Elingamite North has a population of approximately 118 residents, with a median age of 35.

Is Elingamite North affordable to buy in?

A median house in Elingamite North costs about 5.0 times the median local household income (more affordable than most capital-city markets). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Elingamite North's population growing?

The population of Elingamite North has fallen about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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