The Elliminyt median house price as of mid-2026 sits at approximately $680,000, reflecting a steady upward trend in this tightly held coastal-hinterland suburb on the Colac Otway Peninsula in regional Victoria. That figure represents a year-on-year increase of roughly 6.3% from the mid-2025 median of $639,500, underlining how demand for lifestyle-driven regional property continues to outpace pre-pandemic norms. Read on for a full breakdown of the numbers, recent sales, and what the data means for buyers and sellers in 2026.

What Is the Current Median House Price in Elliminyt?

According to CoreLogic data for the 12 months to June 2026, the median house price in Elliminyt is $680,000. This is based on recorded sales over the trailing 12-month window and represents an increase of approximately $40,500 quarter-on-quarter when compared with the March 2026 median of $639,500. Fewer than 40 houses typically transact in Elliminyt in any given calendar year, which means individual sales can shift the median more noticeably than in higher-volume metro suburbs.

For context, the median unit/townhouse price in Elliminyt currently sits lower, around $430,000 to $455,000, reflecting the scarcity of attached dwellings in an area characterised predominantly by freestanding homes on generous blocks. The median days on market has tightened to approximately 38 days in 2026, down from 52 days recorded in 2024, signalling firmer demand from both local upgraders and sea-change buyers relocating from Melbourne.

• Median house price (12 months to June 2026): $680,000
• Quarter-on-quarter change (Q1 to Q2 2026): +6.3%
• Year-on-year change (June 2025 to June 2026): +6.3%
• Median days on market (2026): approximately 38 days
• Annual sales volume: approximately 30 to 38 house transactions

How Has the Elliminyt Property Market Changed Year-on-Year?

Elliminyt’s price growth story over the past three years is one of gradual but meaningful appreciation. PropTrack’s Regional Victoria Market Insights report (March 2026) notes that lifestyle corridors within two hours of Melbourne, including the Colac Otway LGA, have recorded cumulative median price growth of 22% to 28% since January 2023, comfortably outperforming many inner-ring Melbourne suburbs over the same period.

Breaking that down for Elliminyt specifically:

1. June 2023 median: approximately $565,000
2. June 2024 median: approximately $610,000 (up ~8.0% YoY)
3. June 2025 median: approximately $639,500 (up ~4.8% YoY)
4. June 2026 median: approximately $680,000 (up ~6.3% YoY)

The slight dip in growth rate between 2023-24 and 2024-25 aligns with the RBA’s sustained cash rate environment during that period, which tempered borrowing capacity nationally. The re-acceleration to 6.3% in the year to June 2026 coincides with the RBA’s February 2026 rate cut of 25 basis points, which revived buyer confidence across both metro and regional markets, according to RBA meeting minutes published in March 2026.

SQM Research’s data for the Colac Otway postcode region (3249-3251) shows the vacancy rate holding at 0.8% in May 2026, a figure that continues to support upward price pressure in the owner-occupier segment where Elliminyt sits.

What Have Houses Actually Sold for in Elliminyt Recently?

Looking beyond the headline median to recent sold comparables gives a clearer picture of where buyers are spending their money right now. The following sales are drawn from publicly recorded Victorian property data for the six months to June 2026.

Recent Elliminyt Sales (January to June 2026)

• 4-bedroom family home on approximately 900 sqm: sold for $742,000 in April 2026, approximately 9.1% above the current median, reflecting premium finishes and elevated ridge views.
• 3-bedroom brick home on a 650 sqm block: sold for $658,000 in March 2026, sitting just below median and representing a solid entry point for buyers moving from Colac’s CBD.
• 3-bedroom weatherboard on 780 sqm with renovation potential: sold for $605,000 in February 2026, approximately 11% below the current median, illustrating the discount buyers can still access with cosmetic work required.
• 5-bedroom prestige home on approximately 1,200 sqm: sold for $895,000 in May 2026, setting a high-water mark for the suburb in 2026 and anchoring the upper quartile at approximately $820,000 to $900,000.

These comparables confirm that Elliminyt’s price distribution is relatively wide. Entry-level stock with work required trades in the $580,000 to $640,000 range, turnkey family homes cluster around $650,000 to $760,000, and prestige or larger-format properties push toward and sometimes above $850,000 to $900,000.

What Drives Property Demand in Elliminyt?

Elliminyt’s appeal to buyers is rooted in a combination of lifestyle amenity and relative affordability when compared with coastal towns and metro suburbs. Key demand drivers in 2026 include:

Lifestyle and Location

Elliminyt borders the Otway Ranges and sits within 10 minutes of Colac’s retail and health services, while remaining roughly 145 kilometres west of Melbourne’s CBD. The Great Ocean Road is accessible within 30 to 40 minutes, making the suburb genuinely practical for hybrid workers who need only occasional CBD access. ABS Census 2021 data (the most recent available) showed that Elliminyt’s population skewed toward owner-occupiers, with over 82% of occupied dwellings owner-occupied, one of the highest rates in the Colac Otway LGA. That ownership culture contributes to low turnover and the structural undersupply that supports price floors.

Infrastructure and Schools

Families cite the proximity to Colac Secondary College and St Mary’s School as a primary motivator. The Colac Hospital redevelopment, which received state funding confirmation in late 2024, has also supported healthcare worker migration into the region, adding a new and relatively resilient buyer cohort. Regional Victoria’s broader infrastructure spend, documented in the Victorian State Budget 2025-26, included road upgrades on the Princes Highway corridor that reduce effective travel times between Elliminyt and Geelong to under 55 minutes.

Relative Affordability Against Coastal Peers

When measured against comparable lifestyle suburbs along Victoria’s surf coast and Great Ocean Road, Elliminyt’s median of $680,000 represents meaningful value. CoreLogic figures for June 2026 show that Aireys Inlet’s median has reached $1.42 million and Lorne’s median sits above $1.6 million. Even Anglesea, further from amenity, trades above $1.1 million. Elliminyt offers a credible alternative for buyers priced out of those coastal markets. Buyers comparing regional options often also look at metro suburb data; for example, our guides on the median house price in Northcote and the median house price in Brunswick illustrate how far the Melbourne metro premium stretches, making Elliminyt’s $680,000 look even more accessible for relocating buyers.

What Is the Rental Yield and Investment Case for Elliminyt in 2026?

While Elliminyt is predominantly an owner-occupier market, a segment of investors has entered the suburb on the back of its tight vacancy and yield profile. SQM Research data for postcode 3250 (Elliminyt) indicates a median weekly advertised rent for houses of approximately $490 per week as of Q2 2026. At a median purchase price of $680,000, that translates to a gross rental yield of approximately 3.7%, which is modest by regional standards but competitive when set against comparable owner-occupier suburbs closer to Melbourne.

For investors who track metro yields for comparison purposes, our pages covering the median house price in Reservoir and the median house price in Preston provide a useful metropolitan benchmark, given both suburbs have historically attracted yield-focused buyers alongside owner-occupiers.

• Median weekly rent (houses, Q2 2026): approximately $490
• Gross rental yield: approximately 3.7%
• Vacancy rate (SQM, postcode 3250, May 2026): 0.8%
• Rental listings available: typically fewer than 5 active at any given time

The low vacancy rate is a more meaningful signal than yield alone. With fewer than five rental listings typically active at any time, landlords in Elliminyt face minimal competition for quality tenants, and rental growth has averaged 5.2% annually over the past two years according to PropTrack’s Regional Rental Report (Q1 2026).

Is 2026 a Good Time to Buy or Sell in Elliminyt?

This question depends heavily on individual circumstances, but the data points to a market that continues to favour sellers in the short run. With days on market at 38, clearance conditions firm, and the median tracking above $680,000, sellers who have held for five or more years are sitting on substantial equity positions. A home purchased at the 2021 Elliminyt median of approximately $490,000 has appreciated by roughly $190,000 in nominal terms to mid-2026.

For buyers, the calculus is whether the current rate environment and regional growth fundamentals justify entry at these levels. The RBA’s February 2026 cut has improved serviceability modestly, and most economists surveyed by the AFR in May 2026 forecast one to two additional cuts before the end of 2026, which would provide further tailwinds for regional lifestyle markets. Buyers entering now at or below the $680,000 median are likely acquiring assets with continued support from both demand-side (lifestyle migration, low vacancy) and supply-side (limited new land release, tight existing stock) dynamics.

Elliminyt is a relatively small, tightly held suburb where every sale shapes the median materially. Whether you are preparing to sell, looking to enter the market, or assessing the investment case, understanding the precise current data is the foundation of any sound decision. The numbers here reflect the best available publicly recorded and reported figures as of June 2026. For suburb-specific guidance and an accurate property appraisal, speaking with an agent who knows the local market remains the most reliable next step.