Eltham

Eltham, located about 20 km northeast of Melbourne’s Central Business District, falls within the Shire of Nillumbik.

This suburb is renowned for its leafy environment, artistic community, and a blend of urban and rural living, offering a unique lifestyle away from the city’s hustle.

Demographic Profile

• Population: Noted for its community-oriented and diverse population. According to the 2021 census, the population of Eltham was 18,847.
• Predominant Age Group: Attracts a wide range of residents, including families, professionals, and artists, with a substantial population in the 40-59 age bracket.
• Median Household Income: Reflects a comfortable lifestyle, generally aligning with or slightly above the Melbourne average.
• Occupancy: Characterised by a higher proportion of homeowners to renters, with many residing in their homes for extended periods.

Real Estate and Growth

• Median House Prices: The median house price in Eltham is around AUD 1,000,000.
• Median Unit Prices: The average price for units is approximately AUD 600,000.
• Rental Market: The median house rent is about AUD 480 per week, while units rent around AUD 380 per week.
• Market Trends: Eltham has experienced consistent growth, with its unique charm and semi-rural setting being key factors.

Education and Lifestyle

• Schools: Hosts several reputable schools, including Eltham High School, known for its strong arts and music programs.
• Local Vibe: Eltham is celebrated for its artistic heritage, with several galleries and artisan shops. The annual Eltham Jazz, Food & Wine Festival is a local highlight.
• Community Insights: Residents enjoy the suburb’s natural beauty, sense of community, and balance between country and metropolitan living.

Transportation

• Public Transport: Eltham is serviced by its railway station on the Hurstbridge line and several bus routes.
• Accessibility: Major roads link Eltham to the city and neighbouring suburbs, with the suburb offering easy access to the countryside.

Notable Features

• Proximity to Natural Attractions: Close to the Yarra Valley and Dandenong Ranges, ideal for outdoor enthusiasts.
• Recreational Areas: Features several parks and natural reserves, including Eltham Lower Park and the Diamond Creek Trail, popular for walking, cycling, and picnics.

In summary, Eltham offers a distinctive lifestyle that combines the charm of semi-rural living with the conveniences of suburban amenities. Its strong community spirit, artistic influence, and natural surroundings make it a unique and desirable location within the Melbourne metropolitan area.