Banyule · 3095

Eltham, VIC

listings tightening 7.0% YoY, population +7.8% (5y).

NextSuburb scoreTier C
48Average
Median house
$1.16M
5y growth
4.6%/yr
Gross yield
2.0%
Vacancy
1.3%
Growth-led, low cashflowHigh confidence
Last updated May 2026Next refresh 3 June 2026Informational only — not financial advice

Eight-signal breakdown

Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.

  • Capital growth (5y)4.6%/yr
    46/100
  • Population growth+7.8% (5y)
    78/100
  • Supply tightening-7.0% YoY
    85/100
  • Rental yield2.0%
    39/100
  • Rental demand1.3% vacancy
    68/100
  • Income growth+17.0% (5y)
    68/100
  • Construction pipelineno nearby pipeline
    0/100
  • Affordability22% under cap
    22/100

Why this score

Eltham scores 48/100 (Average). The two strongest signals: 7.8% population growth over five years and 17.0% income growth. The standout watch-out: gross yield of 2.0% leaves modest cashflow.

Drivers
  • Supply tightening-7.0% YoY
  • Population growth+7.8% (5y)
  • Income growth+17.0% (5y)
  • Tight rentals1.3%
Risks
  • Thin gross yield (2.0%)
  • No major construction project in this state

Nearest infrastructure

North East Link — Bulleen9.5 km away

Construction · $16.5bn · completion 2028

Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.

Comparable suburbs

Three VIC suburbs in the same budget band with the closest NextSuburb scores.

See the full VIC ranking

60-month score history

Backfilled — live history begins May 2026
364452Jun 21Jun 22Jun 23Jun 24Jun 25May 26

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