All About Eltham, Nillumbik, VIC, 3095

Eltham, a picturesque suburb nestled within the Shire of Nillumbik in Victoria, is renowned for its blend of natural beauty and suburban charm. The housing market in Eltham tends to attract families and professionals seeking a tranquil lifestyle while remaining in close proximity to Melbourne, located just 20 kilometers away. The suburb is characterized by its leafy streets, spacious properties, and architectural diversity, ranging from contemporary designs to charming heritage homes. In recent years, Eltham's housing market has seen steady demand, reflected in its property values which have generally exhibited resilience and growth due to its coveted position surrounded by lush greenery and reputable local schools. The area is particularly appealing to those who value community spirit and an active lifestyle, thanks to the abundance of parks, walking trails, and the scenic Yarra River that runs nearby.

Living in Eltham offers a unique combination of rural serenity and urban convenience, making it a desirable location for residents who cherish a balanced lifestyle. The community-oriented environment is evident through its local events, artisan markets, and vibrant arts scene, exemplified by the Montsalvat arts colony. Residents enjoy access to various amenities including shopping centers, cafes, and restaurants that offer a range of culinary delights. Public transport is reliable, with train and bus services easing the commute to Melbourne. The suburb places a strong emphasis on sustainability and preserving its natural surroundings, which is reflected in its well-maintained green spaces and conservation parks. Whether it's exploring the nearby Warrandyte State Park or participating in community activities, Eltham provides a welcoming atmosphere with plenty of opportunities for engagement and recreation, catering to both families and individuals seeking a peaceful yet connected way of living.

Eltham Real Estate Market Outlook

Thinking about buying in Eltham? Now could not be a better time, with 9151 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,404,000 with prices in this suburb ranging from $441,000 to $6,694,000. The aproximate distance to the coast is 18 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 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 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 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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