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Eltham, VIC 3095
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,295,000
market range $1.2M-$1.4M
Median Unit
$820,000
market range $775K-$850K
Gross Yield (units)
4.2%
1yr Growth (houses)
+3.6%
market range -5.0% to +7.5%
Investment snapshot for Eltham
Eltham has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Eltham market and investor summary
Eltham (VIC 3095) runs a median house price of $1.3M. House prices have moved +3.6% over the past year and +7.8% over three years. At 0.6% vacancy, it is a tight rental market that favours landlords.
Living in Eltham: people, income and schools
Eltham is home to around 18,847 people, a number that has held fairly steady over five years. The median age is 43, skewed a little older, and 86% 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 $124,000 a year, or roughly $2,390 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 10.4 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 13% over five years, which tends to underpin what local buyers can pay.
There are 34 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 20 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 51 for walkability and 97 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 18,847
- -2% over 5yr
- Median age
- 43 years
- Median household income
- $124,000/yr
- Households renting
- 12%
- Family households
- 81%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 34
- avg ICSEA 1127
- Unemployment
- 2.0%
- Distance to CBD
- 20 km
- Walk score
- 51/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Eltham
View all →Frequently asked questions about Eltham
What should I check before investing in Eltham?
Eltham has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.2% gives a usable rent-to-price starting point. Tight rental market (0.6% 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 Eltham?
The median property price in Eltham, VIC 3095 is $1.3M for houses and $820K for units.
What rental yield does Eltham show?
The gross rental yield in Eltham is 4.2% 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 Eltham?
House prices in Eltham are up 3.6% over the past year and up 7.8% 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 Eltham?
The current vacancy rate in Eltham is 0.6%. 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 Eltham?
Eltham has a population of approximately 18,847 residents, with a median age of 43.
What schools are near Eltham?
There are 34 schools within roughly 5km of Eltham. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Eltham affordable to buy in?
A median house in Eltham costs about 10.4 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 Eltham's population growing?
The population of Eltham has fallen about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Eltham from the CBD?
Eltham is about 20 km from the CBD.
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