Market snapshot
Suburb insights for Elwood3184
Change suburbElwood is a relaxed bayside suburb located approximately 8 km south of the CBD, known for its coastal lifestyle, Art Deco architecture, and village charm. It offers residents leafy streets, beach access, bike trails, and a strong sense of community, with cafes and grocers clustered along Ormond Road. Elwood is especially popular among families, professionals, and downsizers who value proximity to the beach and a quieter pace near the city.
Recent sales and auction results in Elwood
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 3/8 Docker St, Elwood | 1 |  | Apartment | Private Sale | 21/06/2026 | Belle Property St Kilda | View |
Sales data
Median sale price
$2.2mil
Quarterly price change
-2.8%
Metro Melbourne Comparison
$953k
-3.1%
| Bedrooms | Elwood | Metro comparison |
|---|---|---|
| 2 | $1,450,000 | $950,000 |
| 3 | $1,907,500 | $872,000 |
| 4 | $2,635,000 | $990,000 |
| Insight | Elwood | Metro comparison |
|---|---|---|
| Clearance rate | 68% | 68.8% |
| Days on market | 33 | 42 |
Rental data
Median weekly rent
$1,050
Rental yield
2.6%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Elwood | Metro comparison |
|---|---|---|
| 2 | $820 | $600 |
| 3 | $1,100 | $560 |
| 4 | - | $600 |
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