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Elmhurst, VIC 3469
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$425,000
market range $325K-$650K
Median Unit
$230,000
Gross Yield (houses)
1.9%
1yr Growth
-
Investment snapshot for Elmhurst
Elmhurst has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Elmhurst market and investor summary
Elmhurst (VIC 3469) runs a median house price of $425K, with houses yielding a gross 1.9%. At 6.8% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.9% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 6.8% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 389 days on market, so plan for a slower exit if you ever need one.
Living in Elmhurst: people, income and schools
Elmhurst is home to around 185 people, a number that has held fairly steady over five years. The median age is 58, an older, established demographic, and 88% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $40,000 a year, or roughly $770 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 a steep 10.6 times local household income, so affordability is a genuine constraint on local buyers.
- Population
- 185
- +5% over 5yr
- Median age
- 58 years
- Median household income
- $40,000/yr
- Households renting
- 11%
- Family households
- 50%
- Socio-economic rank
- 4/10
- ABS advantage index
- Unemployment
- 5.3%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Elmhurst
View all →Frequently asked questions about Elmhurst
What should I check before investing in Elmhurst?
Elmhurst 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 Elmhurst?
The median property price in Elmhurst, VIC 3469 is $425K for houses and $230K for units.
What rental yield does Elmhurst show?
The gross rental yield in Elmhurst is 1.9% 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 Elmhurst?
The current vacancy rate in Elmhurst is 6.8%. 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 Elmhurst?
Elmhurst has a population of approximately 185 residents, with a median age of 58.
Is Elmhurst affordable to buy in?
A median house in Elmhurst costs about 10.6 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Elmhurst's population growing?
The population of Elmhurst 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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