Suburb

Market snapshot

Suburb insights for Elwood3184

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Elwood is a relaxed bayside suburb located approximately 8 km south of the CBD, known for its coastal lifestyle, Art Deco architecture, and village charm. It offers residents leafy streets, beach access, bike trails, and a strong sense of community, with cafes and grocers clustered along Ormond Road. Elwood is especially popular among families, professionals, and downsizers who value proximity to the beach and a quieter pace near the city.

Recent sales and auction results in Elwood

AddressBedroomsPriceTypeMethodSale DateAgentListing
4/43 Broadway , Elwood2PriceApartmentPassed in at Auction7/11/2025Belle Property St KildaView
11 Byron St, Elwood2PriceHouseAuction Sale7/11/2025Jellis CraigView
4 Rainsford St, Elwood4PriceHousePassed in Vendor Bid7/11/2025Gary Peer & AssociatesView
6/5 Ormond Esp, Elwood2PriceUnitPrivate Sale16/10/2025Buxton (Port Phillip) Pty Ltd
11/40 Ormond Rd, Elwood1PriceApartmentSold Before Auction16/08/2025Gary Peer & Associates
29 Tennyson St, Elwood6PriceHousePrivate Sale27/10/2025Jellis Craig | Chisholm & Gamon ElwoodView
13/86 Ruskin St, Elwood1PriceApartmentPrivate Sale24/10/2025Jellis CraigView
1/5 Beach Av, Elwood2PriceApartmentPrivate Sale22/10/2025Jellis Craig | Chisholm & Gamon ElwoodView
1 Wilton Gr, Elwood2PriceHouseSold Before Auction7/10/2025RT Edgar ElwoodView

Sales data

Median sale price
$2.3mil
Quarterly price change
1%
Metro Melbourne Comparison
$955k
2.7%
BedroomsElwoodMetro comparison
2$1,562,500$910,000
3$1,990,000$830,000
4$2,915,000$951,500
InsightElwoodMetro comparison
Clearance rate65.8%81.4%
Days on market3536

Rental data

Median weekly rent
$1,078
Rental yield
2.4%
Metro Melbourne Comparison
$580
3.3%
BedroomsElwoodMetro comparison
2$830$580
3$1,078$550
4$1,638$600
Median data for the current quarter

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