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Elphinstone
VIC, 3448 - Mount Alexander

Thinking about buying in Elphinstone? Now could not be a better time, with 502 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $840,000 with prices in this suburb ranging from $194,000 to $1,993,000. The aproximate distance to the coast is 90 Km.

Household Makeup

Median Weekly Rent $277.00
Median Monthly Mortgage $1534.00
Median Persons Per Bedroom 0.80
Average Household Size 2.00
Average Age 52.00
Average Income $706.00
Average Cars Per Dwelling 2.34
Average Properties Within 50M 2

Housing Stock

Average Property Prices

1 Bed  $640,000
2 Bed  $664,000
3 Bed  $879,000
4 Bed  $1,034,000
5 Bed  $1,377,000
6 Bed+$838,000

Elphinstone Real Estate Market Outlook

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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Elphinstone due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Elphinstone changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Elphinstone necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Elphinstone 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.

Houses for sale Elphinstone

Belle Property 384 pyrenees hwy, elphinstone, vic, 3448 Beds4 Bathrooms4 Parking 4 $2,250,000 - $2,500,000
Belle Property 91 pollards rd, elphinstone, vic, 3448 Beds Bathrooms $495,000

Local Schools

Elphinstone Primary School

Taradale Primary School

(While the above schools are located with the suburb of Elphinstone there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Elphinstone weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.412.730.625.181.84.327.8
Feb1.313.429.928.182.73.923.5
Mar2.011.626.634.387.33.518.3
Apr0.97.821.642.291.53.013.8
May1.54.516.354.896.22.89.8
Jun4.93.413.365.898.02.57.9
Jul2.13.212.267.497.42.67.3
Aug1.6313.857.595.53.010.9
Sept1.43.617.447.495.63.015.6
Oct1.65.820.742.593.93.321.9
Nov1.98.524.535.591.73.524.6
Dec1.011.228.826.682.93.728.7

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

FaradayChewton BushlandsMetcalfeGolden PointTaradaleChewtonSutton GrangeMoonlight FlatMoonlight FlatFryerstown

Public Transport


General Points of Interest

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