Elaine, located in the Moorabool Shire of Victoria, Australia, is a small rural locality with a tranquil, close-knit community atmosphere. The housing market in Elaine is characterized by a selection of spacious properties, including traditional homesteads and lifestyle blocks that offer expansive land. Given its rural setting, property prices in Elaine tend to be more affordable compared to nearby urban centers, making it an attractive option for those seeking a quieter lifestyle with more space. The market generally sees moderate activity, as the area appeals particularly to families, retirees, and individuals looking to escape the hustle and bustle of city life.
Living in Elaine offers a serene lifestyle, surrounded by rolling landscapes and a sense of community that is often stronger in smaller towns. Residents can enjoy a slower pace of life, with the benefits of country living while still having access to essential amenities. The town provides a perfect setting for those who enjoy outdoor activities, such as hiking, horseback riding, and agricultural pursuits. Additionally, Elaine's location provides convenient access to Ballarat and Melbourne for more extensive services or an urban experience, making it an ideal spot for those who appreciate the balance of rural and city accessibility.
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Thinking about buying in Elaine? Now could not be a better time, with just 150 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $874,000 with prices in this suburb ranging from $425,000 to $2,392,000. The aproximate distance to the coast is 40 Km.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Elaine are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Elaine provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Elaine to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Elaine the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property Valuation5280 Midland Hwy, Elaine, VIC, 3334 | 5 | 2 | 0 | $550,000 - $600,000 | |
5266 Midland Hwy, Elaine, VIC, 3334 | 2 | 1 | 10 | $599,000- $649,000 |
None within suburb boundary
(While the above schools are located with the suburb of Elaine there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.1 | 12.7 | 27.4 | 35.0 | 90.8 | 3.7 | 26.1 |
Feb | 4.8 | 12.9 | 26.3 | 39.5 | 91.6 | 3.4 | 20.8 |
Mar | 1.2 | 11.6 | 23.9 | 42.2 | 91.2 | 3.4 | 15.9 |
Apr | 1.3 | 9.3 | 19.8 | 48.9 | 94.1 | 3.3 | 11.8 |
May | 1.1 | 7.5 | 16.0 | 57.5 | 93.9 | 3.8 | 8.9 |
Jun | 1.6 | 5.2 | 13.0 | 65.7 | 95.5 | 3.6 | 7.4 |
Jul | 1.4 | 5.4 | 12.4 | 62.4 | 92.0 | 4.5 | 7.6 |
Aug | 1.2 | 5.0 | 13.0 | 59.4 | 93.1 | 3.9 | 9.7 |
Sept | 1.6 | 6.6 | 16.2 | 53.4 | 94.9 | 4.0 | 14.2 |
Oct | 1.8 | 7.3 | 18.7 | 49.9 | 96.2 | 3.8 | 19.6 |
Nov | 1.6 | 8.9 | 21.5 | 44.6 | 95.0 | 3.5 | 22.4 |
Dec | 1.0 | 10.6 | 25.0 | 37.6 | 93.4 | 3.7 | 25.8 |
source: Australian Government Bureau of Meteorology
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