Question 1

Is Edithvale a nice place to live?

Accepted Answer

Edithvale is a relaxed bayside suburb centred on a broad sandy foreshore facing Port Phillip. It’s defined by Edithvale Beach and the adjacent Edithvale–Seaford Wetlands, a favoured spot for birdwatching and coastal walks. The suburb has a compact village feel around the station on the Frankston line, with a local shopping strip, cafes and everyday services within easy reach. Housing ranges from postwar single-storey cottages and weatherboard homes to modest brick houses and a growing number of contemporary rebuilds and low-rise units.

Families make up the bulk of the population — together about eight in ten families (81.2%) — and the median age is 40, with 74.6% of homes owner-occupied. Edithvale has seen major local works: the Frankston line was lowered and a new station opened, the Edithvale Life Saving Club was rebuilt, and council projects include a shopping village revitalisation, wetlands boardwalk and shared-path upgrades and a proposed flood management scheme. With schools, parks and beachside recreation close by, Edithvale will suit people drawn to a seaside lifestyle and households that value nearby everyday amenities.

Question 2

Is it expensive to live in Edithvale?

Accepted Answer

On the figures for Edithvale, buying sits well above local incomes as recorded at the most recent Census. A median house price of $1,335,500 is about 12.2 times a typical local household's annual income at the last Census (median weekly household income $2,101 × 52), which places buying a house well above what people locally earned at that time.

Renting is less stretched by comparison but still significant. A house rent of $750 a week would take about 35.7% of a typical local household's weekly income at the last Census, a sizeable share, while a unit rent of $550 a week would take about 26.2%, a moderate share. Which of these matters most depends on whether you plan to rent or buy.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Edithvale a good place to invest?

Accepted Answer

Over the past 12 months in Edithvale, median house values rose 3.7% and median unit values rose 2.1% — both modest gains — while the rent a house earns fell 2.6% over the same period. These figures describe how prices and house rents actually moved over the year.

If you are weighing Edithvale as an investment, the value figures point to modest capital growth for both houses and units last year, while house rental income moved the other way. Which of those outcomes matters to you will depend on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.34M	N/A
Change in value Past 12 months	3.7%	2.1%
Sold Past 3 months	21	9
Median days on market Past 12 months	31	36
Average rent Past 12 months	$750	$550
Change in rent Past 12 months	-2.6%	N/A

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