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
4/17 Broadway , Elwood2PriceApartmentPassed in Vendor Bid20/07/2024Besser & Co EAView
177 Ormond Rd, Elwood3PriceHouse (Res)Auction Sale20/07/2024eXp Real Estate Australia - VICView
27/125 Ormond Rd, Elwood2PriceApartmentPrivate Sale15/07/2024Chisholm & GamonView
2/1 Avoca Ct, Elwood1PriceApartmentPrivate Sale9/07/2024Chisholm & GamonView
3/26 Docker St, Elwood2PriceApartmentAuction Sale20/07/2024Chisholm & GamonView
1/67 Broadway , ElwoodPriceApartmentPrivate Sale18/07/2024McGrath
1/11 Dickens St, Elwood3PriceUnitPrivate Sale22/06/2024Belle Property St KildaView

Sales data

Median sale price
$2.4mil
Quarterly price change
-13.5%
Metro Melbourne Comparison
$912k
-1.5%
BedroomsElwoodMetro comparison
2$1,400,000$902,500
3$1,975,000$810,000
4$2,775,000$955,000
InsightElwoodMetro comparison
Clearance rate69.2%73.8%
Days on market3742

Rental data

Median weekly rent
$995
Rental yield
2.2%
Metro Melbourne Comparison
$560
3.2%
BedroomsElwoodMetro comparison
2$800$550
3$995$540
4$1,595$580
Median data for the current quarter
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