Your suburb, scored · Data as of Oct 2026

Eltham, VIC

Postcode 3089, 3095 · Nillumbik council area · Greater Melbourne · One of 15,000 suburbs we score across 27 indicators, updated monthly

R-Score 71 / 100 — ranked #4,473 of 15,286 suburbs this month

Market conditions here are running warmer than most

Most of the demand and supply indicators we track are sitting above the national midpoint this month.

Scores describe measured market conditions — not personal advice, and not a forecast.

Median house price$1,310,000

Up 6.5% over the past 12 months of settled sales.

Median weekly rent$700/wk

That's a gross yield of 2.8% at the current median price.

Vacancy rate1.3%

Anything under 1.5% means renters are competing for what little is available.

Investment analysisIs Eltham a good investment in 2026? Read our deep dive: best and worst streets, cashflow at 80% LVR, and our take →

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Best Streets in Eltham, VIC

Two streets in the same suburb can sit in completely different census blocks for owner-occupiers, public housing, and rental yield. Drill down into Eltham's streets below.

Other High-Scoring Suburbs in Nillumbik (VIC)

IndicatorEltham ReadingContext & Benchmark
Ripehouse R-Score71 / 100Ranked #4,473 of 15,286 Australian suburbs (Oct 2026)
Median House Price$1,310,000+6.5% over the past 12 months of settled sales
Median Weekly Asking Rent$700/wkImplies a 2.8% gross rental yield at the current median price
Rental Vacancy Rate1.3%Tight rental supply (below the 1.5% equilibrium threshold)
Median Days on Market60 daysPart of Nillumbik (VIC) council area (LGA avg R-Score 64/100)

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Eltham VIC FAQs

Frequently Asked Questions: Investing in Eltham, VIC

Key answers from the Oct 2026 Ripehouse Advisory suburb and street research bake for Eltham.

Is Eltham VIC a good suburb for property investment in 2026?

As of Oct 2026, Eltham (VIC 3089) scores 71/100 on the Ripehouse R-Score, ranking #4,473 out of 15,286 Australian suburbs. Market conditions here are running warmer than most. Key fundamentals include a median price of $1,310,000, median rent of $700/wk, gross yield of 2.8%, and vacancy of 1.3%.

What is the median house price and 12-month growth in Eltham VIC?

The current median property price in Eltham (VIC) is $1,310,000 (Oct 2026), representing a +6.5% change over the past 12 months. Properties in Eltham currently spend a median of 60 days on market.

What is the rental yield and vacancy rate in Eltham VIC?

In Eltham (VIC), the median weekly asking rent is $700/wk, producing a gross rental yield of 2.8%. The suburb vacancy rate is 1.3% as of Oct 2026.

What are the best streets in Eltham VIC?

Ripehouse Advisory scores every G-NAF street in Eltham against the suburb average for owner-occupancy, public housing, rent, and yield. Use the Eltham Street Score tool on this page to compare individual streets.

Which council area (LGA) is Eltham VIC located in?

Eltham (VIC, postcode 3089, 3095) is located in the Nillumbik council area (LGA) within Greater Melbourne. Across Nillumbik, the council-wide average R-Score is 64/100 across 20 suburbs.

R-Score and all figures are drawn from Ripehouse's research engine — 15,000 suburbs measured across 27 indicators, refreshed monthly (data as of Oct 2026). Scores describe past and current measured market conditions only. Past performance is not a reliable indicator of future performance. Nothing on this page is personal financial advice.