Market snapshot

Suburb insights for Elwood3184

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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.

Recent sales and auction results in Elwood

AddressBedroomsPriceTypeMethodSale DateAgentListing
4/23 Foam St, ElwoodPriceApartmentAuction Sale20/12/2024McGrathView
1/46 Ruskin St, ElwoodPriceApartmentPrivate Sale16/12/2024McGrathView

Sales data

Median sale price
$2.3mil
Quarterly price change
19%
Metro Melbourne Comparison
$895k
-2.1%
BedroomsElwoodMetro comparison
2-$888,000
3$2,050,000$807,000
4$2,750,000$950,000
InsightElwoodMetro comparison
Clearance rate58.6%72.6%
Days on market4143

Rental data

Median weekly rent
$993
Rental yield
2.2%
Metro Melbourne Comparison
$580
3.3%
BedroomsElwoodMetro comparison
2$770$575
3$993$550
4$1,573$600
Median data for the current quarter
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