The median house price in Eltham is approximately $1.18M as at mid-2026. Units have a median of $680,000. Eltham is a leafy northeastern suburb 24km from the CBD known for its bushland character, arts community, large allotments, and Eltham College. It is a tightly held suburb with low turnover and strong family demand.
Eltham Price History
| Year | Median House Price | Annual Growth |
|---|---|---|
| 2021 | $980,000 | +12.1% |
| 2022 | $1,060,000 | +8.2% |
| 2023 | $1,090,000 | +2.8% |
| 2024 | $1,130,000 | +3.7% |
| 2025 | $1,158,000 | +2.5% |
| 2026 | $1,180,000 | +1.9% |
What Makes Eltham Prices Hold Strong?
- Scarcity of large allotments close to the city — Eltham has a genuine land premium.
- Eltham College: One of Victoria’s leading independent schools drives family demand and school-zone premium.
- Diamond Creek Road corridor: Infrastructure investment improving connectivity to Greensborough and Diamond Creek.
- Arts and lifestyle community: A distinct community identity that attracts buyers who stay long term.
Access Off-Market Eltham Properties
Large-allotment Eltham properties rarely hit the public market. Access them first through the Collings Property Platform. collings.com.au/portal
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