Thinking about buying in Mount Eliza? Now could not be a better time, with 8570 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,123,000 with prices in this suburb ranging from $154,000 to $19,847,000. Mount Eliza is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Median Weekly Rent | $631.68 |
Median Monthly Mortgage | $2638.89 |
Median Persons Per Bedroom | 0.76 |
Average Household Size | 2.92 |
Average Age | 45.45 |
Average Income | $989.77 |
Average Cars Per Dwelling | 2.24 |
Average Properties Within 50M | 9 |
1 Bed  $1,686,000 |
2 Bed  $1,476,000 |
3 Bed  $1,806,000 |
4 Bed  $2,348,000 |
5 Bed  $2,966,000 |
6 Bed+$3,222,000 |
Consistent high demand relative to supply is a key feature in Mount Eliza driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Mount Eliza ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Mount Eliza classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Mount Eliza requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
Mount Eliza Primary School
Kunyung Primary School
Mount Eliza North Primary School
Mount Eliza Secondary College
St Thomas More's School
Toorak College
Peninsula Grammar
Padua College
Mornington Secondary College
St Macartan's School
(While the above schools are located with the suburb of Mount Eliza 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 | 2.5 | 14.2 | 25 | 46.1 | 86.8 | 2.4 | 22.2 |
May | 1.9 | 8.6 | 16.8 | 55.9 | 90.6 | 1.8 | 8.2 |
Jun | 2.5 | 7.3 | 14.6 | 62.7 | 92 | 1.9 | 6.7 |
Jul | 1.9 | 7.1 | 13.7 | 60.4 | 89.3 | 2.7 | 7.3 |
Aug | 2.2 | 8.1 | 15.3 | 56.5 | 90.8 | 2.5 | 10.7 |
Sept | 2.9 | 8.4 | 17.2 | 49.3 | 90.3 | 2.6 | 14.2 |
Oct | 2.5 | 10.2 | 18.7 | 54.3 | 89.6 | 2.5 | 16.7 |
Nov | 1.4 | 12.8 | 23.8 | 42.5 | 87.4 | 2.2 | 22 |
source: Australian Government Bureau of Meteorology
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