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Elliminyt, VIC 3250
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$650,000
market range $625K-$700K
Median Unit
$400,000
list-price estimate
Gross Yield (houses)
4.3%
1yr Growth (houses)
+0.1%
market range -5.0% to +7.5%
Investment snapshot for Elliminyt
Elliminyt has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Elliminyt market and investor summary
In Elliminyt, VIC 3250, the median house sells for around $650K, on a gross rental yield of 4.3% for houses. House prices have moved +0.1% over the past year and -13.3% over three years. At 1.2% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.3% is neither a standout cashflow play nor a pure growth bet.
Living in Elliminyt: people, income and schools
Elliminyt is home to around 3,260 people, a number that has held fairly steady over five years. At a median age of 41, it reads as skewed a little older, and 89% 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 $94,000 a year (about $1,820 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to about 6.9 times local household income, in line with much of metropolitan Australia. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
Families have 11 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 3 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 3,260
- -2% over 5yr
- Median age
- 41 years
- Median household income
- $94,000/yr
- Households renting
- 10%
- Family households
- 78%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 11
- avg ICSEA 1015
- Unemployment
- 2.4%
- Walk score
- 3/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Elliminyt
View all →Frequently asked questions about Elliminyt
What should I check before investing in Elliminyt?
Elliminyt has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 5.0% gives a usable rent-to-price starting point. Tight rental market (1.2% 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 Elliminyt?
The median property price in Elliminyt, VIC 3250 is $650K for houses.
What rental yield does Elliminyt show?
The gross rental yield in Elliminyt is 4.3% for houses and 5.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Elliminyt?
House prices in Elliminyt are up 0.1% over the past year and down 13.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Elliminyt?
The current vacancy rate in Elliminyt is 1.2%. 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 Elliminyt?
Elliminyt has a population of approximately 3,260 residents, with a median age of 41.
What schools are near Elliminyt?
There are 11 schools within roughly 5km of Elliminyt. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Elliminyt affordable to buy in?
A median house in Elliminyt costs about 6.9 times the median local household income (broadly in line with metropolitan Australia). 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 Elliminyt's population growing?
The population of Elliminyt 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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