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Suburb Insights · VIC 3266

Elingamite, VIC 3266 Property Profile

ABS 2021 Census · Updated 21 May 2026

Suburb Overview

Elingamite is a regional centre in Victoria, Australia, with a population of approximately 57, making it a boutique locality. Located approximately 182 km from the Melbourne CBD, Elingamite is a regional area in Victoria. The median household income is $63,336 per year.

Investment Score

29 / 100 Weak

Household earnings in Elingamite are below the state average, which may affect long-term capital growth. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Melbourne
Elingamite
Victoria · 3266
182 km from Melbourne CBD
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Key Indicators

Postcode
3266

Official Australia Post postcode for Elingamite. A postcode may cover multiple suburbs.

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Population
57

Usual resident population at the most recent census.

Median weekly rent
N/A

Weekly median rent for occupied homes. Live rental data integration coming soon.

Median household income
$63,336/yr

Annual median household income (before tax) across all households.

Distance to CBD
182 km

Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb.

Median monthly mortgage
$1,083/mo

Monthly median mortgage repayment for households currently paying off a mortgage.

Home type
95% houses

Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.

Investment Insight

Elingamite is a smaller community of 57 — about 1% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Elingamite's median household income of $63,336/year is 33% below the Victoria suburb median ($95,160) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. Elingamite is 182 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand. Separate houses make up 95% of dwellings — 17 percentage points above the Victoria median of 78% — pointing to a family-oriented, land-rich market where value is concentrated in the underlying block.

Elingamite vs Victoria Median

How Elingamite stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Elingamite sits above the state median; negative means below.

MetricElingamiteVIC medianΔ vs state
Population577,416-99%
Median household income$63,336/yr$95,160/yr-33%
Median mortgage (monthly)$1,083$1,950-44%
Distance to CBD182 km32 km+469%
Separate houses95%78%+17pp

Investor Checklist

Pre-inspection briefing for Elingamite — every item is derived from public datasets, with full citations in our data sources page.

Investment Strategy

Buy & Hold

Limited buy-and-hold upside: a small population of 57 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.

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Rental Yield

Median rental data was not captured for Elingamite. Use current realestate.com.au and Domain listings to triangulate a realistic weekly rent before committing, then feed that number into our rental yield calculator.

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Renovation / Flip

With 95% houses in a 57-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.

Risk Factors

Run the numbers on a Elingamite property

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30-year projections for Elingamite

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital-growth expectations for Elingamite are modest for 2026 — incomes 33% below the VIC median of $95,160 and a population of 57 suggest gains will lag headline metro markets. Rental fundamentals will need to be verified against live listings, as a clean median rent was not recorded for Elingamite. The EquitySight investment score of 29/100 places Elingamite in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.

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Frequently Asked Questions

Is Elingamite a good suburb for investment?

Elingamite scores 29/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 57, median household income of $63,336/year. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.

What drives property demand in Elingamite?

The main demand drivers in Elingamite are a median household income of $63,336/year, a dwelling mix that is 95% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.

What is the population of Elingamite?

Elingamite has a usual resident population of approximately 57, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.

How far is Elingamite from the Melbourne CBD?

Elingamite sits 182 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.

What is the median rent in Elingamite?

A reliable median rent was not captured for Elingamite. Benchmark expected weekly rent on realestate.com.au and Domain, or the state rental tribunal's rent dashboard. Most Australian investors target a 4–5% gross yield as a baseline.

What is the typical mortgage repayment in Elingamite?

The median monthly mortgage repayment in Elingamite is $1,083, or approximately $12,996/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.

Is Elingamite cash-flow positive for investors?

Census data was not complete enough in Elingamite to compute a clean rent-to-mortgage coverage. Use current listings to benchmark weekly rent, then plug your expected purchase price into our rental yield calculator to see whether the investment runs cash-flow positive or negative.

What are the main risks of investing in Elingamite?

The main risks are a thin buyer pool (57 residents), interest-rate sensitivity on the $1,083 median mortgage, below-median household incomes ($63,336 vs $95,160 state median), the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.

How we built this Elingamite profile

Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.

Nearby Suburbs

Victoria Property Resources