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Elwood
VIC, 3184 - Port Phillip

Thinking about buying in Elwood? Now could not be a better time, with 12149 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,598,000 with prices in this suburb ranging from $274,000 to $18,890,000. Elwood is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Household Makeup

Median Weekly Rent $434.25
Median Monthly Mortgage $2471.79
Median Persons Per Bedroom 0.92
Average Household Size 2.04
Average Age 38.46
Average Income $1368.39
Average Cars Per Dwelling 1.36
Average Properties Within 50M 65

Housing Stock

Average Property Prices

1 Bed  $630,000
2 Bed  $1,130,000
3 Bed  $2,774,000
4 Bed  $4,001,000
5 Bed  $4,691,000
6 Bed+$2,889,000

Elwood Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Elwood ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Elwood classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Elwood requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Properties for sale Elwood

Belle Property UNIT 14, 3 WIMBLEDON AV, ELWOOD, VIC, 3184 Beds3 Bathrooms1 Parking 1 Private Sale $1,164,000
Belle Property 50 JOHN ST, ELWOOD, VIC, 3184 Beds2 Bathrooms1 Parking 1 $1,500,000 - $1,600,000
Belle Property STRATA UNIT 1, 7 ROBERT ST, ELWOOD, VIC, 3184 Beds3 Bathrooms1 Parking 1 $698,000
Belle Property UNIT 17, 24 TENNYSON ST, ELWOOD, VIC, 3184 Beds1 Bathrooms1 $295,000 - $320,000
Belle Property UNIT 1, 74 DICKENS ST, ELWOOD, VIC, 3184 Beds12 Bathrooms6 Parking 4 $4,600,000 - $5,000,000
BigginScott UNIT 16, 16-20 MILTON ST, ELWOOD, VIC, 3184 Beds2 Bathrooms1 Parking 1 Contact Agent
BigginScott 36A MITFORD ST, ELWOOD, VIC, 3184 Beds3 Bathrooms2 Parking 3 $1150.00 per Week
BigginScott UNIT 1, 8 SOUTHEY ST, ELWOOD, VIC, 3184 Beds2 Bathrooms2 $695 Per Week
BigginScott UNIT 1, 181-183 BRIGHTON RD, ELWOOD, VIC, 3184 Beds2 Bathrooms1 Parking 1 $650.00 per Week
Buxton UNIT 106, 29 FOAM ST, ELWOOD, VIC, 3184 Beds2 Bathrooms2 Parking 1 Private Sale: $975,000 - $1,050,000
Buxton UNIT 8, 42 RUSKIN ST, ELWOOD, VIC, 3184 Beds2 Bathrooms2 Parking 1 Auction: $1,000,000 - $1,100,000
Buxton STRATA UNIT 8, 59 ORMOND RD, ELWOOD, VIC, 3184 Beds2 Bathrooms1 Parking 1 Private Sale: $659,000
Buxton UNIT 3, 27 MOORE ST, ELWOOD, VIC, 3184 Beds2 Bathrooms1 Parking 1 Private Sale: $470,000 - $500,000
Buxton UNIT 6, 5 DICKENS ST, ELWOOD, VIC, 3184 Beds1 Bathrooms1 Parking 1 Private Sale: $440,000 - $470,000
Buxton STRATA UNIT 6, 125 TENNYSON ST, ELWOOD, VIC, 3184 Beds1 Bathrooms1 Parking 1 Private Sale: $365,000 - $400,000
Buxton UNIT 2, 6A SOUTHEY ST, ELWOOD, VIC, 3184 Beds3 Bathrooms1 Parking 1 Private Sale: $1,100,000 - $1,150,000
Buxton UNIT 3, 20 PINE AV, ELWOOD, VIC, 3184 Beds2 Bathrooms1 Parking 1 $550,000 - $575,000
Buxton STRATA UNIT 11, 125 TENNYSON ST, ELWOOD, VIC, 3184 Beds2 Bathrooms1 Parking 1 Inspect by Appointment - $420,000-$450,000
Buxton 65 RUSKIN ST, ELWOOD, VIC, 3184 Beds4 Bathrooms4 Parking 2 $2,900,000-$3,150,000
Fletchers UNIT 6, 51 RUSKIN ST, ELWOOD, VIC, 3184 Beds2 Bathrooms1 Parking 1 For Sale $519,000
McGrath STRATA UNIT 1, 157 BRIGHTON RD, ELWOOD, VIC, 3184 Beds2 Bathrooms1 Parking 0 Private Sale: $585,000 - $610,000
McGrath UNIT G08, 60-62 BROADWAY, ELWOOD, VIC, 3184 Beds2 Bathrooms2 Parking 0 Private Sale: $900,000 - $990,000
McGrath UNIT 1, 31 PINE AV, ELWOOD, VIC, 3184 Beds3 Bathrooms2 Parking 0 $1,729,000
Professionals UNIT 3, 3 MEREDITH ST, ELWOOD, VIC, 3184 Beds2 Bathrooms1 Parking 1 $1,200,000 - $1,300,000
Ray White FLAT G10, 2 KINGSLEY ST, ELWOOD, VIC, 3184 Beds2 Bathrooms2 Parking 1 680000
Ray White UNIT 3, 56 MARINE PDE, ELWOOD, VIC, 3184 Beds3 Bathrooms2 Parking 2 2200000
The Agency UNIT 1, 109 ADDISON ST, ELWOOD, VIC, 3184 Beds2 Bathrooms2 Parking 1 1st February at 11:30am

Local Schools

Elwood Primary School

Elwood College

St Columba's School

Yesodei HaTorah College

St Kilda Primary School

Sholem Aleichem College

Elsternwick Primary School

St Joseph's School

Star of the Sea College

St James' School

(While the above schools are located with the suburb of Elwood there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

Property and deception offences

Drug offences

Public order and security offences

Justice procedures offences

Other offences

Crimes against the person

source: The Australian Bureau of Statistics

Elwood weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.516.427.042.886.82.923.8
Feb1.015.925.844.486.52.720.3
Mar1.114.524.145.488.12.515.6
Apr2.012.120.848.090.92.410.6
May1.610.017.752.389.42.97.8
Jun1.37.715.059.893.72.56.9
Jul1.37.814.456.989.53.37.4
Aug1.67.815.151.289.33.010.0
Sept1.49.317.746.188.93.114.0
Oct1.411.121.142.889.33.218.3
Nov1.812.522.443.488.62.920.8
Dec2.014.624.843.588.62.824.0

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

RipponleaBalaclavaSt KildaElsternwickSt Kilda EastSt Kilda WestGardenvaleWindsorBrightonCaulfield North

Public Transport


General Points of Interest

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