Thinking about buying in Elingamite North? Now could not be a better time, with just 44 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,006,000 with prices in this suburb ranging from $414,000 to $1,882,000. The aproximate distance to the coast is 23 Km.
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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 Elingamite North 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 Elingamite North 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. Lower than average population density constrains growth in Elingamite North to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Elingamite North the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
239 NELSONS RD, ELINGAMITE NORTH, VIC, 3266 | 2 | 1 | 5 | $460,000 - $480,000 |
None within suburb boundary
(While the above schools are located with the suburb of Elingamite North 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 | 1.4 | 11.1 | 27.2 | 37.5 | 96.4 | 4.1 | 24.7 |
Feb | 1.2 | 11.8 | 26.8 | 39.7 | 96.6 | 4.0 | 20.5 |
Mar | 1.1 | 10.4 | 24.3 | 43.7 | 96.6 | 3.7 | 15.7 |
Apr | 1.5 | 8.3 | 20.3 | 50.3 | 97.6 | 3.5 | 11.5 |
May | 2.0 | 6.6 | 16.4 | 62.2 | 98.2 | 3.7 | 8.4 |
Jun | 1.9 | 4.6 | 13.8 | 72.6 | 99.2 | 3.6 | 7.3 |
Jul | 2.1 | 4.7 | 13.2 | 68.9 | 97.4 | 4.3 | 7.4 |
Aug | 2.0 | 4.6 | 14.0 | 65.5 | 98.6 | 4.5 | 10.1 |
Sept | 2.1 | 5.7 | 16.2 | 58.8 | 98.7 | 4.4 | 14 |
Oct | 1.8 | 6.7 | 18.8 | 55.0 | 98.3 | 4.1 | 18.7 |
Nov | 1.4 | 8.3 | 21.2 | 51.2 | 98.5 | 4 | 21.6 |
Dec | 1.5 | 9.8 | 24.4 | 42.9 | 97.5 | 4.2 | 24.9 |
source: Australian Government Bureau of Meteorology
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