Thinking about buying in Ellinbank? Now could not be a better time, with just 111 residential dwellings it's a highly sought after location.
The average property price for this area is $1,062,000 with prices in this suburb ranging from $859,000 to $1,328,000.Distance to the coast is 32 Km.
In Ellinbank there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Ellinbank are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Ellinbank provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Ellinbank necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Ellinbank we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Ellinbank a better buying opportunity than it may have been in the past.
|Median Weekly Rent||$|
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|Average Properties Within 50M||1.00|
|101 MANNS RD, ELLINBANK, VIC, 3821||4||2||3||$1,370,000 to $1,390,000|
Ellinbank Primary School(While the above schools are located with the suburb of Ellinbank there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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