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
5/27 Gordon Av, Elwood3PriceTownhouseAuction Sale20/06/2025Marshall White & Co
1/25-27 Gordon Av, Elwood2PriceTownhouseAuction Sale20/06/2025Marshall White & Co
302/2 Kingsley St, Elwood2PriceApartmentPrivate Sale16/06/2025McGrathView
3/45 Ruskin St, Elwood2PriceApartmentPrivate Sale16/06/2025Chisholm & GamonView
1/9 Tiuna Gr, Elwood2PriceApartmentSold Before Auction18/06/2025Jellis CraigView
3/6 Southey St, Elwood2PriceApartmentSold Before Auction17/06/2025RT Edgar Glen EiraView
3/14 Wimbledon Av, Elwood2PriceApartmentPrivate Sale9/06/2025Belle Property St Kilda

Sales data

Median sale price
$2.7mil
Quarterly price change
19%
Metro Melbourne Comparison
$923k
2.7%
BedroomsElwoodMetro comparison
2$1,510,000$881,200
3$2,025,000$810,000
4$2,750,000$942,350
InsightElwoodMetro comparison
Clearance rate75%78.5%
Days on market4142

Rental data

Median weekly rent
$1,000
Rental yield
2.2%
Metro Melbourne Comparison
$580
3.3%
BedroomsElwoodMetro comparison
2$773$580
3$1,000$550
4-$600
Median data for the current quarter
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