Profile for Elwood

3184

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.

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Recent Sales & Auction Results in Elwood

Address Price Type Method Sale Date Agent
Property List
10/19 Milton St, Elwood 2 Apartment Auction Sale 19/06/2021 Chisholm & Gamon
1-10/23 Bendigo Av, Elwood 10 Block of Flats Auction Sale 17/06/2021 Wilson
2/7A Coleridge St, Elwood 2 Unit Sold Before Auction 16/06/2021 Belle Property St Kilda
4/48 Spray St, Elwood 2 Unit Sold Before Auction 25/05/2021 Buxton (Port Phillip) Pty Ltd

Median data for March Quarter 2021. Click here for details.

Median Sale Price

$1.9mil

Metro Melbourne

$1mil

Quarterly Price Change

-8.9%

Metro Melbourne

8.8%

Median Rent

$750

Metro Melbourne

$480

Rental Yield

1.9%

Metro Melbourne

2.7%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 83.3% 83.8%
Days on Market 26 36
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,425,000 $930,000
3 Bedrooms $1,940,000 $810,000
4 Bedrooms $2,550,000 $990,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $575 $500
3 Bedrooms $850 $450
4 Bedrooms n/a $500

Median data for March Quarter 2021. Click here for details.

Median Sale Price

$750k

Metro Melbourne

$673k

Quarterly Price Change

14.9%

Metro Melbourne

4.8%

Median Rent

$420

Metro Melbourne

$400

Rental Yield

3.2%

Metro Melbourne

3.2%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 83.3% 83.8%
Days on Market 26 36
Median price by Bedrooms Suburb Metro
1 Bedroom $461,500 $390,000
2 Bedrooms $725,000 $600,000
3 Bedrooms $1,310,000 $810,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $340 $340
2 Bedrooms $450 $420
3 Bedrooms $650 $525

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