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Ellerslie, VIC 3265
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$405,000
market range $375K-$600K
Median Unit
$280,000
list-price estimate
Gross Yield (houses)
5.4%
1yr Growth
-
Investment snapshot for Ellerslie
Ellerslie has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Ellerslie market and investor summary
In Ellerslie, VIC 3265, the median house sells for around $405K, on a gross rental yield of 5.4% for houses. At 3.9% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 5.4% does more of the early heavy lifting than capital growth usually would at this price point. Demand is softer at 3.9% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 108 days on market, so plan for a slower exit if you ever need one.
Living in Ellerslie: people, income and schools
About 157 people live in Ellerslie, a number that has held fairly steady over five years. At a median age of 40, it reads as skewed a little older, and families account for 72% of households.
The typical household income runs to around $80,000 a year (about $1,540 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to roughly 5.1 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 25% over five years, which tends to underpin what local buyers can pay.
- Population
- 157
- +2% over 5yr
- Median age
- 40 years
- Median household income
- $80,000/yr
- Households renting
- 15%
- Family households
- 72%
- Socio-economic rank
- 7/10
- 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 Ellerslie
View all →Frequently asked questions about Ellerslie
What should I check before investing in Ellerslie?
Ellerslie has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid house gross rental yield of 5.4%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Ellerslie?
The median property price in Ellerslie, VIC 3265 is $405K for houses.
What rental yield does Ellerslie show?
The gross rental yield in Ellerslie is 5.4% 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 Ellerslie?
The current vacancy rate in Ellerslie is 3.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Ellerslie?
Ellerslie has a population of approximately 157 residents, with a median age of 40.
Is Ellerslie affordable to buy in?
A median house in Ellerslie costs about 5.1 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 Ellerslie's population growing?
The population of Ellerslie has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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