Question 1

Is Eltham North a nice place to live?

Accepted Answer

Eltham North is a leafy, outer north-eastern suburb with a semi-rural feel, set among remnant bushland and established garden blocks. Homes range from mid-century brick houses to contemporary renovations and some streets back onto reserves or hobby-acreage lots. Residents have walking and cycling trails and easy access to Plenty Gorge and other local parks, while daily shops, cafés and services are close by in Eltham and bus links feed into Eltham station on the Hurstbridge line.

The community is weighted towards couple families and most homes are owner-occupied; the suburb is home to 6,830 people with a median age of 42 and a median household income of $2,770 a week. Local works include upgrades on Ryans Road, the reinstated Eltham North Adventure Playground and planned reserve improvements, as well as school facilities upgrades. That mix tends to suit families, outdoor enthusiasts and anyone after more green space; whether it suits you depends on the neighbourhood qualities you value.

Question 2

Is it expensive to live in Eltham North?

Accepted Answer

Buying a house in Eltham North sits well above local incomes recorded at the most recent Census. The median house price of $1,200,000 is about 8.3 times a typical local household's annual income at the last Census (weekly household income $2,770 × 52 = $144,040), which places buying at a high multiple of what people in the area earned at that time.

Renting looks more moderate by comparison: the average house rent of $780 a week would take about 28.2% of a typical local household's weekly income at the last Census, a moderate share. If you plan to rent rather than buy, that rent share is the figure that matters; if buying, the price multiple shows a larger stretch against those Census incomes.

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 Eltham North a good place to invest?

Accepted Answer

Over the past 12 months house values in Eltham North fell slightly, down 1.9%, while house rents rose a modest 4.0%. The change in house values is the capital growth figure and it shows a small decline over the year, whereas the rent change is the rental income figure and shows modest growth in what a house here can earn. 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	$1.20M	N/A
Change in value Past 12 months	-1.9%	N/A
Sold Past 3 months	21	N/A
Median days on market Past 12 months	28	N/A
Average rent Past 12 months	$780	N/A
Change in rent Past 12 months	4.0%	N/A

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