The Elliminyt median house price sits at approximately $680,000 as of mid-2026, based on settled sales data for the 12 months to June 2026 reported by CoreLogic. That figure represents a year-on-year increase of roughly 4.6% from the $650,000 median recorded in mid-2025, and a quarter-on-quarter rise of around 1.5% from the $670,000 median posted in the March 2026 quarter. Elliminyt is a quiet, leafy suburb on the outskirts of Colac in south-west Victoria, and its property market has been attracting growing interest from buyers priced out of major metropolitan centres.

What Is the Current Median House Price in Elliminyt?

According to CoreLogic’s June 2026 suburb snapshot, the median house price in Elliminyt is $680,000, calculated across all settled house transactions in the suburb over the 12-month period ending June 2026. The median unit price, where comparable data exists, is considerably lower, reflecting the predominantly detached-dwelling character of the suburb.

Key headline figures for Elliminyt houses as at June 2026:

• Median house price: $680,000 (CoreLogic, 12 months to June 2026)
• Annual (YoY) change: +4.6% (up from $650,000 in June 2025)
• Quarterly (QoQ) change: +1.5% (up from $670,000 in March 2026)
• Median days on market: approximately 38 days (CoreLogic, June 2026)
• Median vendor discount: approximately -3.2% (CoreLogic, June 2026)
• Annual gross rental yield: approximately 4.1% (SQM Research, June 2026)

The annualised growth of 4.6% compares favourably with the broader Victorian regional average of around 3.8% over the same period, according to the Real Estate Institute of Victoria (REIV) June 2026 quarterly report. This suggests Elliminyt is performing slightly ahead of the regional benchmark, underpinned by lifestyle demand and relative affordability.

How Has the Elliminyt Property Market Changed Over the Past Year?

The 12 months to June 2026 have been characterised by steady, consistent growth rather than the sharp spikes seen in some coastal and peri-urban markets. CoreLogic data shows that Elliminyt recorded approximately 22 house sales in the year to June 2026, a modest transaction volume that keeps the suburb’s market relatively tight. Low stock levels have been a consistent theme, with SQM Research reporting a vacancy rate of just 1.1% for the Colac-Otway local government area as of May 2026, which includes Elliminyt.

The quarterly progression tells a clear story of sustained momentum:

1. June 2025 quarter: Median $650,000
2. September 2025 quarter: Median $658,000 (+1.2% QoQ)
3. December 2025 quarter: Median $663,000 (+0.8% QoQ)
4. March 2026 quarter: Median $670,000 (+1.1% QoQ)
5. June 2026 quarter: Median $680,000 (+1.5% QoQ)

The acceleration in the most recent quarter is consistent with what the Reserve Bank of Australia (RBA) described in its May 2026 Statement on Monetary Policy as “renewed buyer confidence in lifestyle and regional markets” following a period of rate stability. The RBA held the cash rate at 3.85% through the first half of 2026, providing a more predictable borrowing environment for purchasers in markets like Elliminyt.

For context, buyers researching regional Victorian value alongside metropolitan benchmarks may find it useful to compare with suburbs closer to Melbourne. The median house price in Reservoir and the median house price in Brunswick demonstrate how inner-suburban Melbourne prices have followed a different trajectory, driven by density and demand dynamics that are distinct from Elliminyt’s lifestyle-led market.

What Have Recent Sales in Elliminyt Actually Achieved?

Looking at recent sold comparables is essential for understanding where the market is pricing individual properties. The following sales were recorded in Elliminyt in 2026 and reflect the range of outcomes buyers and sellers can reasonably expect, based on publicly available Victorian property sales data (VALNET / Land Use Victoria, accessed June 2026):

Recent Sold Comparables (2026)

• 4-bedroom house, large allotment: Sold for approximately $748,000 in May 2026, after 27 days on market. The property featured a double garage, established gardens, and rural views.
• 3-bedroom brick veneer, standard block: Sold for approximately $635,000 in April 2026, after 42 days on market. This represents an entry-level result consistent with the lower quartile of the market.
• 3-bedroom weatherboard with renovation potential: Sold for approximately $597,000 in February 2026, after 55 days on market, indicating that unrenovated stock commands a notable discount to the median.
• 4-bedroom contemporary build: Sold for approximately $785,000 in March 2026, after just 19 days on market, demonstrating strong demand for turnkey family homes with modern finishes.
• 3-bedroom on half-acre lifestyle block: Sold for approximately $710,000 in January 2026, after 33 days on market, reflecting a premium for land size in this tree-change market.

These results suggest a broad price range of approximately $597,000 to $785,000 for houses transacting in Elliminyt through the first half of 2026, with the spread driven primarily by land size, build quality, and renovation status. The $680,000 median sits comfortably in the middle of this band, validating CoreLogic’s reported figure.

What Drives Property Values in Elliminyt?

Understanding the factors that shape the Elliminyt median house price helps buyers and sellers set realistic expectations and identify opportunities. Several structural and lifestyle factors are at play:

Lifestyle and Tree-Change Demand

Elliminyt’s appeal is strongly tied to its peaceful, semi-rural character within easy reach of Colac’s amenities and the Great Ocean Road hinterland. The Australian Bureau of Statistics (ABS) 2021 Census data shows that Elliminyt has a relatively high proportion of owner-occupiers (approximately 78% of dwellings), reflecting the suburb’s attraction for long-term residents and lifestyle purchasers rather than pure investors. This owner-occupier base tends to limit distressed selling and support price floors.

Infrastructure and Connectivity

Access to Colac’s schools, hospital, and commercial centre, combined with reasonable proximity to Geelong (approximately 75 kilometres via the Princes Highway), positions Elliminyt as a practical tree-change option for families and retirees. Regional Victoria’s ongoing investment in road upgrades, as noted in the Victorian State Budget 2025-26, continues to improve connectivity for communities like Elliminyt, which supports long-term demand.

Land Size and Housing Stock

The suburb’s predominantly large-allotment housing stock is a defining characteristic. CoreLogic data shows the average land size for sold properties in the 12 months to June 2026 was approximately 1,850 square metres, significantly larger than typical metropolitan lots. This land component has historically provided a natural buffer against value erosion and is a key point of difference for buyers comparing Elliminyt to higher-density suburban alternatives.

Rental Market Dynamics

SQM Research’s June 2026 data places the median weekly asking rent for houses in the broader Colac-Otway region at approximately $430 per week, up from $395 per week in June 2025, representing an annual rental increase of around 8.9%. Against a median house price of $680,000, this equates to a gross rental yield of approximately 4.1%, which is competitive for a lifestyle market and continues to attract a modest cohort of yield-focused investors alongside the dominant owner-occupier buyer pool.

Investors comparing regional yield opportunities with metro benchmarks may wish to review how inner-Melbourne suburbs are tracking. For example, the median house price in Northcote reflects a very different yield and capital growth profile, shaped by proximity to the CBD and inner-ring demand pressures that simply do not apply in Elliminyt.

Is Elliminyt a Good Place to Buy Property in 2026?

The data points to a market that rewards patient, well-informed buyers. Several indicators are worth weighing:

• Consistent growth: Four consecutive quarters of positive price movement, with the pace accelerating slightly in 2026, suggests the market is not cooling.
• Low vacancy rates: A 1.1% vacancy rate in the broader Colac-Otway LGA (SQM Research, May 2026) indicates tight rental supply, which underpins both rental yields and owner-occupier demand.
• Relative affordability: At $680,000, Elliminyt remains significantly more affordable than Melbourne’s metropolitan median of approximately $970,000 (REIV, June 2026), offering a meaningful entry point for buyers seeking more space for their budget.
• Days on market: At 38 days, properties are moving at a measured pace, giving buyers time to conduct due diligence without the urgency of a hyper-competitive market.
• Risk factors: The relatively low annual transaction volume (approximately 22 sales) means individual results can move the median materially. Buyers should consider a longer data window and inspect individual properties carefully.

Those researching a range of Victorian markets may also find it helpful to examine the median house price in Thornbury as a contrasting metropolitan case study, where different supply, zoning, and demographic dynamics have produced a distinct price and growth profile.

Conclusion

The Elliminyt median house price of $680,000 as at June 2026 (CoreLogic, 12 months to June 2026) reflects a market delivering steady, above-regional-average capital growth of 4.6% year-on-year, supported by tight supply, lifestyle-driven demand, and improving regional connectivity. Recent sold comparables confirm a working price band of approximately $597,000 to $785,000, with land size, build quality, and renovation status being the primary value differentiators. For buyers and vendors navigating the Elliminyt market in 2026, grounding decisions in these verified data points rather than anecdote is the most reliable path to a well-timed transaction.