Market snapshot
Suburb insights for Elwood3184
Change suburbA 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.
Recent sales and auction results in Elwood
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 71 Ruskin St, Elwood | 5 |  | House | Private Sale | 15/07/2025 | Chisholm & Gamon | |
| 1/199 Brighton Rd, Elwood | 2 |  | Apartment | Private Sale | 28/07/2025 | Belle Property St Kilda | View |
| 31A Goldsmith St, Elwood | 4 | | House | Private Sale | 23/07/2025 | McGrath | View |
Sales data
Median sale price
$2.3mil
Quarterly price change
-15.5%
Metro Melbourne Comparison
$924k
0.4%
| Bedrooms | Elwood | Metro comparison |
|---|---|---|
| 2 | $1,610,000 | $890,000 |
| 3 | $2,020,000 | $815,000 |
| 4 | $2,725,000 | $950,000 |
| Insight | Elwood | Metro comparison |
|---|---|---|
| Clearance rate | 76.3% | 79.5% |
| Days on market | 37 | 39 |
Rental data
Median weekly rent
$1,000
Rental yield
2.3%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Elwood | Metro comparison |
|---|---|---|
| 2 | $770 | $580 |
| 3 | $1,048 | $550 |
| 4 | $1,500 | $600 |
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