As seen
As seen
Real Estate Elwood
Your Agency. Your Neighborhood.
Distance from CBD
6 km
Popular Cafe
Neighbour’s Café
Hannah
NORD Café
Parks & Recreation
Elwood Park & Foreshore
Point Ormond Reserve
Elsternwick Park
Demographics
A little bit about who lives locally, as provided by government census data
Population
15,153
Average Age
20 to 39
Owner
47%
Renter
51%
Family
52%
Single
48%
Property Prices
See the median sale price breakdown of Elwood over the last 5 years.
Median House Price
Median
1.58M
Quarterly price change
-14.59% 
Median Unit Price
Median
685K
Quarterly price change
6.61%
Quarterly Price Change
- Houses
- Units
Sales Snapshot
Key insights to the property market within your suburb.
Auction clearance rate
22.16%
Median days on market
38 days
Investor Insight
Explore key demographics and investor insights including median asking rent and ownership statistics within your suburb.
Dwelling type
Houses
14%
Units
86%
Population
15,153
Population growth
-2.51%
Median age
40 days
Ownership
Owned Outright
21%
Mortgaged
26%
Rented
51%
Median asking rent per week
$1024
Rental yield
2.27%
Median household size
2 people
Elwood Real Estate
Elwood is an inner suburb of Melbourne, Victoria, Australia, located 8 kms from Melbourne’s Central Business District. Its local government area is the City of Port Phillip.
Elwood is a vibrant suburb in Melbourne, home to people of all ages. Many singles, couples and families yearn to move to Elwood because it is located close to the city, St Kilda beach, shopping strips, parks and various outdoor entertainment amenities. The largest shopping strip is Elwood Village which extends along two main sections of Ormond Road.
Elwood’s beaches are accompanied by a series of continuous parks and separate paved walking and bicycle trails. The northern end of the coast is M.O. Moran Reserve and the southern point is Point Ormond Reserve. The highest peak along the parkland is Point Ormond Hill which has great northerly views of the city skyline.
Why Choose Besser and Co. For Real Estate Service in Elwood?
At Besser and Co., we are not your ordinary real estate Elwood agent. We are property specialists who understand the goals of sellers and lessors. We make the end-to-end process simple, so that you can focus on other things in your life. Whether you would like to sell your property, or lease out your property, we can help you complete these activities. At Besser and Co., we have access to the best real estate platforms, a suite of resources, a team of experienced real estate agents Elwood, a list of individuals who are keen to buy or lease properties, and access to the latest market information.
Depending on the service package acquired, we will conduct various tasks during the sale or lease process including assessing market value or rent, marketing the property, opening the property to the public, responding to queries, providing you with updates and helping you choose a buyer or tenant. The price will vary depending on the type of services acquired. All of these activities will be managed by a qualified real estate Elwood agent who will work with you to achieve the outcome you want. If you are specifically looking for real estate Elwood rent services, we have tailored solutions to meet your needs and ensure you find the perfect tenant.
Why Do We Need Real Estate Agents in Elwood?
For those who own a property in Elwood, the team at Besser and Co. can assist you with your real estate requirements. If you are planning to sell or lease your home or investment property, we have a team of real estate agents Elwood that is ready to support you through the journey and perform all activities in accordance with applicable legal requirements. You will enter into a management agreement us, i.e. a Sales Agency Agreement (for the sale of a property) or a Property Management Agreement (for the lease of a property). These agreements provide us with exclusivity to perform our services for a particular period of time.
We pride ourselves on timely and comprehensive communications so that you are kept up-to-date with progress and we work responsibly and reliably to avoid disappointment. While we cannot guarantee the time it will take to sell or lease your property, we understand the dynamics of the real estate market and respond quickly to changes to keep you up-to-date with new developments. This will help to you achieve a targeted result that will suit your expectations and requirements.
Get in Touch with our Real Estate Elwood Team Today
If you need any help selling or leasing your property in Elwood, or would like a quick chat, contact the team at Besser and Co. today. We’re here to help you get the best price for your home or investment property, or lease out your property to reliable tenants for a stable income. We’re not your typical real estate Elwood agents, nor do we follow traditional approaches. Our commitment to your satisfaction is second to none and we won’t stop until you get the result you expect. Whether you are looking for real estate Elwood rent options or need assistance with property management, we’ve got you covered.
Please contact us on (03) 9531 1000 or send us an email to info@besserco.com.au.
FAQ
Is Elwood a good place to live for families?
Absolutely! Elwood’s brilliant for families with its leafy streets, close proximity to the beach, and great cafes along the shopping strips. Plus, you’ve got Elwood Primary School right in the neighbourhood and easy access to the city via Ripponlea station.
What are the best streets to buy property in Elwood?
The streets closer to the beach and around Ormond Road tend to be real winners, which offer that perfect mix of convenience and lifestyle. Streets near Elwood Primary School are also popular with families looking for that school-zone advantage.
How is the property market performing in Elwood?
The market’s been a bit all over the shop lately, with median house prices sitting around $1.7–1.8 million, but they’re taking a breather. Could be a ripper opportunity for smart buyers though, especially with Melbourne’s market looking like it’s bouncing back in 2025.
Are house prices rising in Elwood?
House prices have actually dropped a bit recently, down around 16–22% annually, which is typical of the broader Melbourne market correction. This could be a great time to get in before the next upswing kicks in.
What is the average house price in Elwood?
You’re looking at around $1.7-1.8 million for houses, with some premium properties reaching over $2 million. Units are more affordable, sitting around the $ 650,000 mark, according to recent data.
What school zones are included in Elwood?
Elwood Primary School is the main local primary, rated 3.9 out of 5, and you’ve also got Elwood College for secondary education, which focuses on sport and performing arts. Many property management companies highlight these school zones as major selling points for family properties.
How much are houses in Elwood?
Houses are currently averaging around $1.7-1.8 million, though you’ll find some variation depending on proximity to the beach and size. It’s definitely premium territory, but you’re paying for that unbeatable bayside lifestyle.
Is Elwood safe?
Yeah, Elwood’s generally considered a safe suburb with its family-friendly vibe and active community. The area’s well-established with good foot traffic around the shopping strips and beach, plus it’s well-lit and well-connected to public transport.
What public transport options are available in Elwood?
You’ve got Ripponlea station on the Sandringham line, which connects you straight through to the city via South Yarra, Richmond, and Flinders Street. There are also regular bus services along the main roads connecting to other bayside suburbs.
Is Elwood a good investment area?
Despite the recent price softening, Elwood remains solid long-term thanks to its premium location and lifestyle appeal. Properties average 38–39 days on market, showing there’s still decent demand from both owner-occupiers and investors.
Why is Elwood so popular?
It’s that perfect combo of beach lifestyle, leafy streets, and being just 8km from Melbourne’s CBD that makes it so desirable. Add in the great cafes, restaurants, and that relaxed bayside vibe, and you’ve got a suburb that ticks all the boxes for Melbourne living.
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