Suburb

Market snapshot

Suburb insights for Elwood3184

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Elwood 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

AddressBedroomsPriceTypeMethodSale DateAgentListing
1/133 Brighton Rd, Elwood2PriceApartmentPrivate Sale27/11/2025McGrathView
111/122 Ormond Rd, Elwood1PriceApartmentPrivate Sale24/11/2025McGrath
10 Pozieres Av, Elwood4PriceHousePrivate Sale24/11/2025McGrathView
10/1 Glen Huntly Rd, Elwood2PriceApartmentPassed in Vendor Bid5/12/2025Chisholm & GamonView
8/125 Glen Huntly Rd, Elwood2PriceUnitAuction Sale5/12/2025Kay & BurtonView
5/8 Southey St, Elwood2PriceApartmentAuction Sale5/12/2025Belle Property St KildaView
2/139 Brighton Rd, Elwood3PriceApartmentAuction Sale2/12/2025RT Edgar ElwoodView
12/10 Dickens St, Elwood2PriceApartmentSold Before Auction2/12/2025McGrathView
12/47 Spray St, Elwood2PriceApartmentPrivate Sale22/11/2025Kay & BurtonView

Sales data

Median sale price
$2.3mil
Quarterly price change
1%
Metro Melbourne Comparison
$955k
2.7%
BedroomsElwoodMetro comparison
2$1,562,500$910,000
3$1,990,000$830,000
4$2,915,000$951,500
InsightElwoodMetro comparison
Clearance rate65.8%81.4%
Days on market3536

Rental data

Median weekly rent
$1,078
Rental yield
2.4%
Metro Melbourne Comparison
$580
3.3%
BedroomsElwoodMetro comparison
2$830$580
3$1,078$550
4$1,638$600
Median data for the current quarter

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