How Much is My Home Worth in Elsternwick?
The median price for a house in Elsternwick is $1,802,500 as of March 27, 2020. A median-priced unit is $610,000. There have been 86 houses and 80 units sold this year. The average annual capital growth for houses is 6.99% and units is 2.90%. The 12-month capital growth is -11.65% on houses and -7.13% for units. The Demand to Supply Ratio or DSR rating has houses and units or apartments as good. This translates to there being more buyers than sellers. Vendors are getting their asking price more often than not. It is a good marketplace for investors. Capital growth is expected to exceed the nation’s average.
House prices and rent returns in Elsternwick.
- 2 bedroom home No Data Rent per week $520
- 3 bedroom home $1,565,000 Rent per week $750
- 4 bedroom home $2,186,000 Rent per week $1100
Unit prices and rent returns in Elsternwick.
- 1 bedroom unit $418,500 Rent per week $345
- 2 bedroom unit $615,000 Rent per week $475
- 3 bedroom unit $895,000 Rent per week $610
It takes on average 60 days to sell a house and 57 days to sell a unit. The gross rental yield for houses is 2.38% and for units, it is 3.84%.
Free Real Estate Appraisal Elsternwick
Selling your house in Elsternwick? Do you want to know the current market price of your house or unit? Our appraisers will deliver an accurate appraisal based on recent sales data together with the location to amenities, schools and shops. Our agents will provide this valuation free of charge.
Free Rental Appraisal Elsternwick
Do you have an investment property you wish to rent? Or, do you want to rent out your current home? Our property management team currently manages over 3500 properties. There is no scenario we have not dealt with when it comes to managing real estate. We use the latest software tools to streamline our services. We deal directly with the landlord and keep them up to speed with the rental of their property.
Wesley College Big Band Elsternwick
Recent Sold Homes in Elsternwick
Browse our list of recently sold homes in Elsternwick and surrounding suburbs.
Lifestyle in Elsternwick
Elsternwick is located 9 kilometres south-east of Melbourne. Its neighbouring suburbs include Gardenvale, Elwood and Balaclava. The population is just over 10,000. For activity you can play golf on the Elsternwick 9 hole facility. Transport include the Elsternwick Train Station on the Sandringham railway line. There are many little cafes and shops and the Elsternwick Hotel. Or, you may want to spend time at the famous Rippon Lea house and gardens.
Schools in Elsternwick
There are 4 schools in Elsternwick.
- Adass Israel School Boys
- Sholem Aleichem College Co-educational
- St Joseph’s School Co-educational
- Wesley College Co-educational