With Mt Alexander in the distance as a backdrop, this is a beautiful location to build your home and give you the rural lifestyle that you ve been dreaming of.
There is a current planning permit to build a 4 bedroom home, and power runs past the boundary of the property.
Access to Melbourne or Bendigo is easy via the freeway, Melbourne CBD approx. 80 minutes and Bendigo approx. 40 minutes.
The size of Elphinstone is approximately 84 square kilometres. It has 2 parks covering nearly 5.8% of total area. The population of Elphinstone in 2011 was 669 people. By 2016 the population was 551 showing a population decline of 17.6% in the area during that time. The predominant age group in Elphinstone is 50-59 years. Households in Elphinstone are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Elphinstone work in a professional occupation. In 2011, 91.2% of the homes in Elphinstone were owner-occupied compared with 86.9% in 2016.
Elphinstone has 448 properties. Over the last 5 years, Houses in Elphinstone have seen a 28.48% increase in median value, while Units have seen a 32.14% increase. As at 31 October 2024:
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