Elphinstone

Elphinstone, VIC 3448, offers a peaceful lifestyle with a small population of 633 residents. The suburb has a mixed-age community, with a significant number of residents aged 45 to 64 years and 65 years or over. The area has a high percentage of residents working as managers, professionals, and technicians/tradeworkers. Commuting patterns show a reliance on motor vehicles, with also a notable proportion working from home. Elphinstone presents an opportunity for property investors interested in houses. The suburb has shown a healthy market absorption rate, indicating a good demand for properties. Its median growth rate is impressive, making it appealing for long-term investment. The sale price IQR ratio suggests it could be a potential location for renovators due to the significant spread between Q1 and Q3 sale prices. With its strong market absorption rate and high median growth rate, Elphinstone is a suburb worth considering for property investors looking at houses. The demographics reveal a mix of occupations and a significant WFH trend, reflecting a changing work culture in the area. The educational advantage level of students is moderate, complementing the community-focused lifestyle in the suburb. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022