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.

Recent Sales & Auction Results in Elwood

Address Price Type Method Sale Date Agent
Property List
2/19 Tiuna Gr, Elwood 2 Apartment Sold Before Auction 15/07/2020 Buxton (Port Phillip) Pty Ltd
16/24 Tennyson St, Elwood 1 Apartment Private Sale 04/08/2020 Hodges
51 Milton St, Elwood 4 House (Res) Sold Before Auction 22/07/2020 Marshall White & Co

Median data for June 2020 Quarter. Click here for details.

Median Sale Price

$2.3mil

Metro Melbourne

$864k

Quarterly Price Change

31.1%

Metro Melbourne

-3.5%

Median Rent

$723

Metro Melbourne

$470

Rental Yield

1.8%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 85.7% 66.1%
Days on Market 34 39
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,470,000 $910,250
3 Bedrooms $1,880,000 $760,000
4 Bedrooms $2,645,000 $910,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $595 $500
3 Bedrooms $813 $440
4 Bedrooms n/a $495

Median data for June 2020 Quarter. Click here for details.

Median Sale Price

$630k

Metro Melbourne

$621k

Quarterly Price Change

-10.6%

Metro Melbourne

-2.5%

Median Rent

$440

Metro Melbourne

$430

Rental Yield

3.3%

Metro Melbourne

3.5%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 85.7% 66.1%
Days on Market 34 39
Median price by Bedrooms Suburb Metro
1 Bedroom $470,000 $385,000
2 Bedrooms $720,000 $591,000
3 Bedrooms $1,050,000 $785,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $335 $370
2 Bedrooms $465 $450
3 Bedrooms $695 $525

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