Real Estate Elmore Vic 3558

Real Estate Market: Is Elmore VIC 3558 a Good Suburb to Buy Into?

Housing Market in Elmore

Key Elmore Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Bendigo	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$533	Bottom 36%	160% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Elmore

Elmore Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Elmore

43.7%

Bendigo

33.0%

Compare
Suburbs

Field	Value	VS Bendigo	Trend
Development applications	0	Bottom 38%	Data for Jun 2025
Developments	0.5	Bottom 28%	Data for Jul 2023
Housing Stock Quality Indicator	8.9	Top 26%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	2 lots	Bottom 15%	Data for Aug 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	3	Top 30%	Data for Feb 2025

Housing Stock Quality in Elmore

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Bendigo	Trend
Houses	100.0%	Top 31%	13% to Jan 2021
Average bedrooms - all homes	2.1	Bottom 20%	40% to Jan 2021
NBN connection: fibreoptic cable to node	1.0%	Top 21%	Data for Jun 2023

Development Restrictions in Elmore

Elmore Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Elmore

24.5%

Bendigo

27.6%

Compare
Suburbs

Field	Value	VS Bendigo	Trend
Total area	11.0 sq km	Top 45%	Data for Jan 2021
Heritage overlay total area	0.1 sq km	Top 36%	Data for Jun 2023
Residential density	1620 sqm per resident	Top 45%	Data for Jan 2021

Risk in Elmore

Elmore Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Elmore

39.8

Bendigo

38.2

Compare
Suburbs

Field	Value	VS Bendigo	Trend
% Owner Occupied	93.4%	Top 45%	0 to May 2023
% Rentals	6.6%	Bottom 45%	10% to May 2023
Housing Affordability Index	34	Top 46%	Data for Jun 2023
Median monthly mortgage	$945	Bottom 8%	3% to May 2023
Rent Affordability Index (Houses)	80	Top 41%	Data for Jun 2023
Rent Affordability Index (Units)	77	Top 45%	Data for Jun 2023
Mortgage as a percent of income	27.4%	Top 24%	3% to Jan 2021
Mortgaged Dwellings	33.7%	Bottom 36%	16% to May 2023

Housing Demand in Elmore

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2006 - 2030

Elmore

49.0%

Bendigo

62.7%

Compare
Suburbs

Field	Value	VS Bendigo	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	7750	Bottom 29%	57% to Dec 2036
Historical Population (SA3)	12400	Bottom 3%	4% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	135000	Top 13%	51% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium

Unit Market in Elmore

Elmore Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Bendigo	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$383	Bottom 18%	134% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	77.2%	Top 40%	8% to Mar 2025

Planning Applications: Dwellings (1)

Headline	Place	Date
3 lot subdivision and constructions of 3 dwellings - City of Greater Bendigo DSD/597/2022	113 Hervey Street, Elmore 3558, VIC	16 May 2023

Planning Applications: Other (4)

Headline	Place	Date
Use and development of land for a convenience restaurant; Reduction in car parking requirements - City of Greater Bendigo DC/833/2022	108 Railway Place, Elmore 3558, VIC	04 May 2023
Use of land for retail and reduction in car parking requirements - City of Greater Bendigo DU/341/2022	18-26 Cardwell Street, Elmore 3558, VIC	20 Jul 2022
Use and development of land for a service station, display business identification signage and the alteration of access to a road in a Road Zone Category 1 - City of Greater Bendigo DU/59/2018	89-95 Railway Place, Elmore 3558, VIC	24 Oct 2020
Extension to an existing building, display of illuminated signage and a reduction of car parking - City of Greater Bendigo DC/380/2020	104 Railway Place, Elmore 3558, VIC	08 Jun 2020

Accommodation Options (1)

Name	Address
Shamrock Hotel Elmore	84, Railway Pl

Businesses (3)

Name	Address
Marong Fencing & Rural Services
Ward Bros Earthmoving	7, Ramsay St
JK Roofing	16, Michie St

Median House Rental Prices by Street (3)

Level_0	Street	Date	Median rent (per week)
117826	Hervey St	13 Mar 2025	$550
117724	Cardwell St	13 Mar 2025	$472
117910	Michie St	13 Mar 2025	$395

Turnover Rate by Street (30)

Turnover rate	Street	Turnover Label	Turnover Years	Year
80.8%	Railway Rd	average turnover	Every 12.4 years (average turnover)	2025
90.8%	Michie St	high turnover	Every 11.0 years (high turnover)	2025
85.2%	Hervey St	average turnover	Every 11.7 years (average turnover)	2025
90.0%	Simmie St	high turnover	Every 11.1 years (high turnover)	2025
88.9%	Cardwell St	high turnover	Every 11.2 years (high turnover)	2025

Percent of Renters by Street (38)

Percent of Renters	Street
0.0%	Degraves Rd
0.0%	Baileys Rd
100.0%	Burnewang St
0.0%	Campaspe St
18.2%	Cardwell St

LGA Details (1)

Headline	Place	Datetime
Local government area	Greater Bendigo

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
9 Dowell Ct	Price Withheld	3.0	2.0	2.0	20 Feb 2025	On Market
11 Michie St	Price Withheld	3.0	2.0	2.0	28 Jan 2025	On Market
43 Michie St	Price Withheld	3.0	1.0	4.0	12 Dec 2024	On Market
7 Dowell Ct	$500,000	3.0	2.0	2.0	12 Dec 2024	On Market
43 Michie St	$360,000	3.0	1.0	4.0	12 Dec 2024	On Market

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Michie St	10 May 2024	$325,000
Mclean Ct	10 May 2024	$514,500
Railway Rd	10 May 2024	$520,000
Simmie St	10 May 2024	$262,500
Jeffrey St	10 May 2024	$725,000

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
1 Mclean Ct	$520	4	2	2	24 Dec 2024
1 Mclean Ct	$520	4	2	2	24 Dec 2024
1 Mclean Ct	$520	4	2	2	24 Dec 2024
1 Mclean Ct	$520	4	2	2	24 Dec 2024
1 Mclean Ct	$520	4	2	2	24 Dec 2024

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 6, 14 Wright St	$380	2.0	1.0	1.0	03 Feb 2025
Unit 6, 14 Wright St	$380	2.0	1.0	1.0	03 Feb 2025
Unit 6, 14 Wright St	$380	2.0	1.0	1.0	03 Feb 2025
6/14 Wright St	$220	Unknown	Unknown	Unknown	29 Sep 2021
Unit 5, 14 Wright St	Price Withheld	2.0	1.0	1.0	16 Sep 2021

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 5, 14 Wright St	Price Withheld	2.0	1.0	1.0	31 Jan 2025	On Market
Unit 5, 14 Wright St	Price Withheld	2.0	1.0	1.0	31 Jan 2025	On Market
Unit 5, 14 Wright St	Price Withheld	2.0	1.0	1.0	31 Jan 2025	On Market
Unit 5, 14 Wright St	Price Withheld	2.0	1.0	1.0	31 Jan 2025	On Market
Unit 5, 14 Wright St	Price Withheld	2.0	1.0	1.0	31 Jan 2025	On Market