Eltham is Melbourne's artist suburb par excellence — the celebrated home of Heidelberg School painters and a thriving arts community where mudbrick architecture, extensive bush gardens, the magnificent Yarra Flats and Eltham Lower Park riverlands, and a nationally renowned community arts culture create Australia's most distinctive outer-suburban lifestyle. Its exceptional Hurstbridge train connectivity (38 minutes to CBD), strong Eltham College private school presence, and persistent demand from artists, architects, and creative professionals underpin consistent above-market price growth. At the current $1.2m median house price, an 80% loan at 6.25% over 30 years is about $5,911 per month.
| Median house price | $1,200,000 |
|---|---|
| Median unit price | $660,000 |
| Estimated monthly repayment | $5,911 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 6.8% |
| Gross rental yield | 3.6% |
| Typical days on market | 16 |
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