Suburb

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
6/57 Southey St, Elwood1PriceApartmentPrivate Sale6/08/2025Belle Property St KildaView
19/29 Dickens St, Elwood3PriceApartmentPrivate Sale4/08/2025Chisholm & GamonView
10/27 Dickens St, Elwood3PriceApartmentSold Before Auction30/07/2025Buxton (Port Phillip) Pty LtdView
4/21 Glen Huntly Rd, Elwood2PriceApartmentPrivate Sale25/07/2025Chisholm & GamonView
12/38 Mitford St, Elwood1PriceUnitPrivate Sale28/07/2025Gary Peer & AssociatesView
1-6/45 Mitford St, Elwood12PriceBlock of ApartmentsSold Before Auction15/06/2025Gary Peer & Associates

Sales data

Median sale price
$2.3mil
Quarterly price change
-15.5%
Metro Melbourne Comparison
$924k
0.4%
BedroomsElwoodMetro comparison
2$1,610,000$890,000
3$2,020,000$815,000
4$2,725,000$950,000
InsightElwoodMetro comparison
Clearance rate76.3%79.5%
Days on market3739

Rental data

Median weekly rent
$1,000
Rental yield
2.3%
Metro Melbourne Comparison
$580
3.3%
BedroomsElwoodMetro comparison
2$770$580
3$1,048$550
4$1,500$600
Median data for the current quarter
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