Thinking about buying in Mount Elliot? Now could not be a better time, with just 2 residential dwellings it's a highly sought after location. Mount Elliot is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $ |
Median Monthly Mortgage | $ |
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Average Age | |
Average Income | $ |
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Average Properties Within 50M |
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 Mount Elliot 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 Mount Elliot 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 Mount Elliot necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Mount Elliot we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Mount Elliot a better buying opportunity than it may have been in the past.
None within suburb boundary
(While the above schools are located with the suburb of Mount Elliot 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 | 3.1 | 23.4 | 32.5 | 55.8 | 86.2 | 3.6 | 23 |
Feb | 13.8 | 23.8 | 33.0 | 54.8 | 94.9 | 2.6 | 22.2 |
Mar | 6.0 | 22.8 | 30.8 | 64.7 | 89.5 | 2.8 | 20.5 |
Apr | 1.6 | 21.0 | 29.8 | 63.2 | 89.7 | 2.5 | 19.0 |
May | 1.3 | 17.9 | 27.1 | 52.8 | 86.6 | 2 | 16.3 |
Jun | 0.2 | 16.3 | 25.8 | 46.7 | 88 | 1.8 | 15.2 |
Jul | 0.9 | 15.9 | 26 | 42.2 | 80.8 | 1.9 | 16.6 |
Aug | 0 | 15.8 | 27.1 | 34.8 | 82.7 | 2.8 | 19.5 |
Sept | 0 | 17.9 | 29.0 | 38.9 | 84.6 | 3.3 | 22.0 |
Oct | 0.4 | 20.8 | 30.8 | 44.3 | 83.7 | 3.7 | 24.7 |
Nov | 0.2 | 22.3 | 32.2 | 53.8 | 79.2 | 3.9 | 25.7 |
Dec | 3.2 | 23.5 | 33.2 | 56.4 | 85.6 | 3.7 | 24.8 |
source: Australian Government Bureau of Meteorology
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