Is ELPHINSTONE a good suburb for positive geared property investment in Australia?

ELPHINSTONE in VIC currently features property rental yields up to 4.2% with a 12-month capital growth value of Up 19.2%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in ELPHINSTONE 3448?

The median house price in ELPHINSTONE 3448 is approximately $775,000 based on the latest tracked market indices.

Investment Spotlight • Australia

ELPHINSTONE 3448

State: VIC

Updated: 6 August 2026

PosiProp AI Investment Summary

ELPHINSTONE (VIC 3448) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.2% and has experienced a 12-month capital growth of Up 19.2%, with a median house buy price of $775,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.

Positive Gearing Potential Verified: Suburb rental index metrics qualify Richmond for positive cash flow portfolios. Review the price brackets and explore the live listings below.

Market Yield & Price Indices

2 house • buy

$730,000

Up 47.5% 3.7% Yield

3 house • buy

$750,000

Up 15.4% 4.0% Yield

4 house • buy

$870,000

Down -0.3% 3.6% Yield

all house • buy

$775,000

Up 19.2% 4.2% Yield

Suburb Market Profile

Last month Elphinstone had 0 properties available for rent and 7 properties for sale. Median sold prices over the last year is $775,000 for houses. If you are looking for an investment property, consider houses in Elphinstone rent out for $550 PW with an annual rental yield of 4.2%. Elphinstone has seen an annual compound growth rate of 19.2% for houses.

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