Mount Eliza Property Market Overview (2026)
Mount Eliza sits in the affordable outer-suburban market. This is value territory. Prices are lower than inner Melbourne because the suburb is still developing its amenity base, but growth corridors tend to appreciate as infrastructure catches up.
Price Estimates
| Property Type | Estimated Median | Monthly Mortgage (est.)* |
|---|---|---|
| House | $550K–$850K | $2,200–$3,400 |
| Unit/Apartment | $350K–$500K | $2,000–$3,000 |
Estimates based on Mount Eliza’s market positioning. Mortgage estimates assume 20% deposit, 6.5% variable rate, 30-year term. For current sales data, check REIV or Domain.
What Drives Property Value in Mount Eliza
Property prices in any suburb reflect three things: what is already there, what is coming, and how easy it is to get to the CBD. Here is how Mount Eliza stacks up:
| Amenity Factor | Mount Eliza | Impact on Value |
|---|---|---|
| Schools | 11 | Strong — school zones drive family demand |
| Parks | 25 | High — green space is a premium driver |
| Dining & Cafes | 15 | Growing |
| Medical | 7 | Strong — healthcare proximity matters |
| Supermarkets | 0 | None — drives value down |
| Gyms & Fitness | 5 | Active lifestyle suburb |
Total amenity score: 72. Solid infrastructure that supports steady demand.
Schools (Key Value Driver)
Mount Eliza has 11 schools — school zone boundaries are one of the strongest price drivers in Melbourne property:
| School | Address |
|---|---|
| Kunyung Primary School | 50 Kunyung Road |
| Mount Eliza North Primary School | 6 Moseley Drive |
| Peninsula Grammar | 20 Wooralla Drive |
| St Macartan’s Primary School | 97 Bungower Road |
| Padua College | 62 Oakbank Road |
| Derinya Primary School | 119 Overport Road |
| Mount Eliza Primary School | 1 Wooralla Drive |
| Mount Eliza Secondary College | 204 Canadian Bay Road |
Check zone boundaries at findmyschool.vic.gov.au.
Rental Market
| Unit Type | Weekly Rent (est.) |
|---|---|
| 1 Bedroom | $260–$360 |
| 2 Bedroom | $350–$450 |
| 3 Bedroom | $450–$600 |
Rental yield estimate: 4.5–5.5% (higher yields in more affordable suburbs).
See our detailed Cost of Living Guide for full cost breakdown.
Before You Buy in Mount Eliza
- Check school zones — findmyschool.vic.gov.au determines your designated school
- Review planning overlays — heritage, flood, bushfire at your local council
- Check flood risk — planning.vic.gov.au
- Attend auctions — quoted ranges in Mount Eliza are guides, not guarantees
- Get a building inspection — non-negotiable for any house purchase
- Talk to locals — knock on a neighbour’s door. They will tell you what agents won’t
Key Links for Mount Eliza Property Research
- Domain — current listings and recent sales
- realestate.com.au — price history and suburb profiles
- REIV — quarterly median prices (the official data)
- ABS Census — population and demographic data
Related Guides
- Best Restaurants in Mount Eliza
- Best Cafes in Mount Eliza
- Best Bars in Mount Eliza
- Cost of Living in Mount Eliza
- Mount Eliza Neighbourhood Guide
- Family Guide to Mount Eliza
- Is Mount Eliza Safe?
- Mount Eliza Transport Guide
Last updated: March 2026. This guide is refreshed when OpenStreetMap data changes — new openings, closures and corrections are reflected automatically. Found something wrong? Let us know.
Sources
- OpenStreetMap Contributors — openstreetmap.org — accessed March 2026
- ABS Census 2021 — abs.gov.au/census
- REIV Quarterly Median Prices — reiv.com.au
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