Get a property report and suburb profile for any property in Elanora

Elanora sits between the coast and the hinterland and reads as a leafy, quiet suburb. Housing is largely single-level brick homes on established blocks with pockets of modern townhouses, and parks, sports fields and creekside reserves give an outdoors feel. A modest town centre covers everyday shopping and services, while regular bus routes and quick access to the M1 make commuting straightforward. The area attracts families and downsizers who value a relaxed coastal lifestyle within reach of beaches and hinterland walking tracks.

The community is weighted towards couple families, with couple families with children at 45.3% and, together with couple families without children (35.6%), making up just over four in five families. Homes are predominantly owner-occupied at 82.7%. There is also local infrastructure activity, including a capacity expansion at the sewage treatment plant and planning for a STEM centre at Elanora State High School, while regional transport options have been identified as strategic possibilities rather than committed works.

Buying in Elanora sits well above what local households earned at the last Census. The median house price of $1,510,000 is about 16.7 times a typical local household's annual income as recorded at the most recent Census (weekly household income $1,744).

For renters, $1,100 a week for a house would take about 63.1% of a typical local household's weekly income at the last Census, a large share, while $580 a week for a unit would take about 33.3% of that weekly income, roughly a third, a sizeable share. Which measure matters most depends on whether you're looking 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.

Elanora's recent figures show a clear split between the house and unit markets. Over the past 12 months house values climbed 10.6%, a strong rise, and house rents rose 12.2%, also a strong increase. By contrast, unit values fell 7.5% over the year, a notable decline.

For someone weighing Elanora up as an investment, the numbers mean houses delivered both capital growth and higher rental income over the year, while the unit side showed a fall in capital value. Which of those outcomes matters most will depend on your individual 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.