Market snapshot
Suburb insights for Elwood3184
Change suburbElwood 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
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 30 Goldsmith St, Elwood | 3 |  | House | Private Sale | 9/01/2026 | Jellis Craig | Chisholm & Gamon Elwood | View |
| 1/51 Spray St, Elwood | 3 | | Apartment | Private Sale | 7/01/2026 | Jellis Craig | Chisholm & Gamon Elwood | View |
| Penthouse/51 Ormond Esp, Elwood | 5 | | Apartment | Private Sale | 18/12/2025 | Kay & Burton | View |
Sales data
Median sale price
$2.1mil
Quarterly price change
-2.3%
Metro Melbourne Comparison
$974k
1.8%
| Bedrooms | Elwood | Metro comparison |
|---|---|---|
| 2 | $1,462,500 | $940,000 |
| 3 | $1,905,000 | $851,000 |
| 4 | $2,900,000 | $970,000 |
| Insight | Elwood | Metro comparison |
|---|---|---|
| Clearance rate | 70.2% | 77.8% |
| Days on market | 33 | 36 |
Rental data
Median weekly rent
$1,100
Rental yield
2.5%
Metro Melbourne Comparison
$580
3.2%
| Bedrooms | Elwood | Metro comparison |
|---|---|---|
| 2 | $820 | $585 |
| 3 | $1,100 | $550 |
| 4 | $1,690 | $600 |
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