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
14/17 Byrne Av, Elwood1PriceApartmentPassed in at Auction15/08/2025Belle Property St KildaView
5/10 Scott St, Elwood2PriceApartmentPassed in Vendor Bid15/08/2025Gary Peer & AssociatesView
2/485 St Kilda St, Elwood1PriceApartmentPrivate Sale14/08/2025McGrathView
46 Byron St, Elwood3PriceHousePassed in Vendor Bid15/08/2025Jellis CraigView
1/46 Foam St, Elwood2PriceApartmentPassed in at Auction15/08/2025Jellis CraigView
4/23 Milton St, Elwood2PriceTownhousePassed in Vendor Bid15/08/2025McGrathView
501A St Kilda St, Elwood3PriceTownhouseAuction Sale15/08/2025Marshall White & CoView
1/2 Bendigo Av, Elwood2PriceApartmentSold Before Auction10/08/2025Belle Property St KildaView

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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