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
89 Ormond Esp, Elwood3PriceBlock of UnitsPassed in at Auction27/06/2025Belle Property St Kilda
6/25 Selwyn Av, Elwood2PriceApartmentAuction Sale27/06/2025Marshall WhiteView
19/17A Milton St, Elwood1PriceApartmentPrivate Sale25/06/2025McGrathView
2/25 John St, Elwood2PriceApartmentPrivate Sale24/06/2025Belle Property St KildaView
21 John St, Elwood2PriceHouseAuction Sale27/06/2025Jellis CraigView
2/1 Rothesay Av, Elwood3PriceApartmentPassed in Vendor Bid27/06/2025Jellis CraigView
1/33 Scott St, Elwood3PriceTownhousePrivate Sale26/06/2025Belle Property St Kilda
3/130-132 Mitford St, Elwood2PriceApartmentSold Before Auction13/06/2025Buxton (Port Phillip) Pty LtdView

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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