A bayside suburb Elwood is 8 km south of Melbourne the neighbourhood is known for its leafy streets and suburban character. Elwood has a significant stock of flats and apartments from the turn of the century onwards. The neighbourhood is one of the more densely settled within the City of Port Phillip. Visitors and locals are drawn to the beach and the cafes and restaurants in local shopping strips including Ormond Road centres. The eastern part of the neighbourhood is served by Ripponlea station on the Sandringham rail line. Other notable physical features include Point Ormond.
Median data for March Quarter 2024. Click here for details.
Median Sale Price
$2.78m
Metro Melbourne
$929k
Quarterly Price Change
23.1%
2%
Median Rent
$950
$550
Rental Yield
2.2%
3.1%
$639k
$635k
-11.3%
0.3%
$525
$520
4%
4.3%
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