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
8/16 Avoca Av, Elwood 2 Unit Auction Sale 15/06/2024 Gary Peer & Associates
1/17 Tiuna Gr, Elwood 2 Apartment Passed in Vendor Bid 15/06/2024 Chisholm & Gamon
1/16 Joyce St, Elwood - Apartment Private Sale 12/06/2024 McGrath
13 Thackeray St, Elwood 2 House Private Sale 07/06/2024 Chisholm & Gamon
4/123 Ruskin St, Elwood 2 Apartment Private Sale 05/06/2024 Chisholm & Gamon
4/19 Milton St, Elwood 2 Apartment Passed in Vendor Bid 15/06/2024 Chisholm & Gamon
7/38 Mitford St, Elwood 3 Unit Auction Sale 15/06/2024 Belle Property St Kilda
3/38 Pine Av, Elwood 3 Unit Auction Sale 15/06/2024 Marshall White & Co
64A Marine Pde, Elwood - Townhouse (Res) Private Sale 06/06/2024 McGrath
6 Kendall St, Elwood 4 House (Res) Private Sale 20/05/2024 Kay & Burton

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$2.78m

Metro Melbourne

$929k

Quarterly Price Change

23.1%

Metro Melbourne

2%

Median Rent

$950

Metro Melbourne

$550

Rental Yield

2.2%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 58.8% 75.3%
Days on Market 37 40
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,400,000 $920,000
3 Bedrooms $1,850,000 $810,000
4 Bedrooms $2,797,500 $965,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $785 $550
3 Bedrooms $995 $520
4 Bedrooms $1,500 $575

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$639k

Metro Melbourne

$635k

Quarterly Price Change

-11.3%

Metro Melbourne

0.3%

Median Rent

$525

Metro Melbourne

$520

Rental Yield

4%

Metro Melbourne

4.3%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 58.8% 75.3%
Days on Market 37 40
Median price by Bedrooms Suburb Metro
1 Bedroom $410,000 $370,000
2 Bedrooms $730,000 $600,000
3 Bedrooms $1,217,500 $855,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $420 $450
2 Bedrooms $575 $540
3 Bedrooms $845 $620

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