All About Eltham North, Nillumbik, VIC, 3095

Eltham North, located in the Shire of Nillumbik, Victoria, presents a vibrant housing market characterized by a mix of suburban tranquility and modern convenience. The area is renowned for its leafy streets and spacious properties, making it a highly desirable location for families and those seeking a peaceful lifestyle while remaining within manageable distance to Melbourne's city center. The housing market in Eltham North has experienced growth over recent years, driven by its appeal to both young professionals and retirees looking for a serene environment. With a variety of housing options ranging from traditional family homes to more contemporary designs, the area offers something for every taste. The strong community spirit and the presence of quality schools continue to attract buyers, contributing to the area's relatively stable property values.

Living in Eltham North offers a lifestyle that combines natural beauty with modern amenities. The area is celebrated for its lush greenery and abundance of parks and recreational spaces, such as the Diamond Creek Trail, which provide residents with ample opportunities for outdoor activities. Additionally, the proximity to Eltham town center ensures access to a wide array of shops, cafes, and services, giving a comfortable blend of nature and urban facilities. Public transport options are reliable, with a train station and bus services connecting residents to the broader Melbourne area. The community in Eltham North is close-knit and active, offering various cultural and community events that enhance the sense of belonging. Overall, Eltham North is a desirable location for those who appreciate a balance of peaceful suburban life and accessibility to city amenities.

Eltham North Real Estate Market Outlook

Thinking about buying in Eltham North? Now could not be a better time, with 2708 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,565,000 with prices in this suburb ranging from $673,000 to $4,224,000. The aproximate distance to the coast is 20 Km.

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. High average incomes in Eltham North 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 Eltham North 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 Eltham North 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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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