Elliston SA Property Investment

CAUTION — 3.0% gross yield on a $341,559 (pending peer validation) median.

Elliston has compounded at 1.4%/yr over 5 years. Median sits in the $341,559 (pending peer validation) band today. Properties are sitting on market for 30 days (roughly balanced conditions).

• Median house: $341,559 (pending peer validation) | Units: $255,225
• Gross yield: 3.0% | Net yield: 1.5%
• 5yr price CAGR: 1.4%/yr | 3yr forecast: 13.5%/yr
• Population: 375 | Owner-occupier rate: 80% | Affluence: Below Average

• Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline

• Vacancy: 1.8% (improving) | Rental demand: High
• Median weekly rent: $200/wk | Days on market: 30 (stable)
• Landlord market — rents likely to keep rising.

• Median nightly rate: $502/night | Occupancy: 42%
• Estimated annual STR gross: ~$76,941/yr
• vs long-term rent: $10,400/yr (+640% STR premium — factor in higher management costs)

• No major confirmed infrastructure projects on record.
• Transport: Standard suburban transport access

If Elliston maintains 3%+ annual growth and vacancy stays below 1.3%, median prices could reach $392,793 within 3 years with yields compressing slightly as capital values rise.

A market correction or interest rate shock could see prices in Elliston pull back 10-15% from $341,559, with vacancy rising to 3.2% and rental yields softening as tenants gain leverage.

• Distance from CBD may limit long-term capital growth potential

• Cummins (SA): $438,044 median, 2.1% yield, 11.4% 1yr growth
• Jamestown (SA): $378,681 median, 5.7% yield, -1.5% 1yr growth
• Lock (SA): $251,871 median, 2.5% yield, 23.7% 1yr growth

Elliston carries elevated risk that outweighs potential returns at current levels. A recovery market combined with low vacancy risk warrants caution. Avoid new acquisitions unless significant discount to median pricing is achievable. Re-evaluate if vacancy falls below 2.5% or annual price growth exceeds 3%.

• Entry range: $307,403 – $375,715
• Minimum gross yield to target: 4.5%
• Watch signal: vacancy staying below 2% and days on market holding under 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.