Elphinstone VIC Property Investment

Mount Alexander · 3448

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Median House Price

$898K

As of 7 Nov 2026.

Rental Yield

N/A

Vacancy Rate

N/A

Median Weekly Rent

N/A

Median Unit Price

$623K

As of 7 Nov 2026.

Population (Census 2021)

633

Elphinstone Short-Term Rental Market

Short-stay estimate: run a brief

New dwellings approved

New dwellings approved, Mount Alexander council area, 12 months to Aug 2026: 103. Source: ABS Building Approvals, Australia (cat. 8731.0). This is the whole council area, not just Elphinstone.

Suburb Metric Thresholds

3 green2 yellow1 red

Population growth 2016–21, postcode 3448 (ABS Census)

2.29 high impact

Median Household Income

1455 medium impact

Public Transport Score

No data medium impact

School Zone Quality

6.7 medium impact

Distance to CBD

96.88 medium impact

SEIFA Advantage/Disadvantage

7 medium impact

Owner Occupier Rate

93.6 medium impact

Macro Environment

Macro Indicators

Cash Rate

4.85%

▲ 0.25%

Cash rate 4.85% as at 2026-11-04 (effective date) · Source: RBA cash rate target · Credit data 2026-09

Socio-Economic Profile

Source: ABS Census 2021

SEIFA Index · Postcode 3448

Most disadvantagedLeast disadvantaged

Decile 7 of 10 — Average

Population (suburb)

633

Education (IEO)

7/10

Econ. Resources (IER)

8/10

Schools

In your catchment

Elphinstone Primary School

PrimaryGovernment

6.7/10

Castlemaine Secondary College

SecondaryGovernment

7/10

These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.