Thinking about buying in Elsternwick? Now could not be a better time, with 7199 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,057,000 with prices in this suburb ranging from $288,000 to $20,362,000. Elsternwick is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Elsternwick 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. High average incomes in Elsternwick ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Elsternwick classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Lower than average population density constrains growth in Elsternwick to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Houses for sale Elsternwick

	flat 1, 23 sandham st, elsternwick, vic, 3185	10			Private Sale $4,590,000
	flat 402, 18 mccombie st, elsternwick, vic, 3185	1	1	1	400000
	flat 38, 2 gordon st, elsternwick, vic, 3185	2	1	1	$550,000 - $600,000
	49 victoria st, elsternwick, vic, 3185	4	1	2	$1,850,000

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General Points of Interest

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