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Elmore, VIC 3558
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$480,000
market range $450K-$525K
Median Unit
$240,000
list-price estimate
Gross Yield (units)
6.2%
1yr Growth (houses)
+18.1%
market range +7.5% to +25.0%
Investment snapshot for Elmore
Elmore has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Elmore market and investor summary
In Elmore, VIC 3558, the median house sells for around $480K. House prices have moved +18.1% over the past year. At 1.8% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.8% and a resident base that is not shrinking. Houses also take time to sell, around 69 days on market, so plan for a slower exit if you ever need one.
Living in Elmore: people, income and schools
About 847 people live in Elmore, and the area has been growing steadily, up about 14% over five years. At a median age of 52, it reads as an older, established demographic, and 75% 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 $47,000 a year (about $910 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 a steep 10.2 times local household income, so affordability is a genuine constraint on local buyers.
Families have 2 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 7 for walkability and 8 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 847
- +14% over 5yr
- Median age
- 52 years
- Median household income
- $47,000/yr
- Households renting
- 21%
- Family households
- 60%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 988
- Unemployment
- 3.5%
- Walk score
- 7/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Elmore
View all →Frequently asked questions about Elmore
What should I check before investing in Elmore?
Elmore has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.2%, before expenses, tax and loan costs. Capital growth of +18.1% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Elmore?
The median property price in Elmore, VIC 3558 is $480K for houses.
What rental yield does Elmore show?
The gross rental yield in Elmore is 6.2% 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 Elmore?
House prices in Elmore are up 18.1% over the past year. 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 Elmore?
The current vacancy rate in Elmore is 1.8%. 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 Elmore?
Elmore has a population of approximately 847 residents, with a median age of 52.
What schools are near Elmore?
There are 2 schools within roughly 5km of Elmore. 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 Elmore affordable to buy in?
A median house in Elmore costs about 10.2 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 Elmore's population growing?
The population of Elmore has grown about 14% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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