Real Estate Elwood Vic 3184

Elwood: Small, quaint, beachy, relaxed.

Housing Market in Elwood

Key Elwood Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$968	Top 6%	162% to Dec 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Elwood

Elwood Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Development applications	468	Top 9%	623% to Jun 2025
Developments	1.4	Bottom 36%	Data for Jul 2023
Housing Stock Quality Indicator	95.9	Top 1%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	14 lots	Top 19%	22% to Aug 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	40	Top 1%	263% to Dec 2025

Housing Stock Quality in Elwood

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	14.3%	Bottom 1%	25% to Jan 2021
Average bedrooms - all homes	1.9	Bottom 11%	Data for Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Elwood

Elwood Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Field	Value	VS Melbourne	Trend
Total area	2.6 sq km	Bottom 27%	Data for Jan 2021
Heritage overlay total area	1.3 sq km	Top 9%	Data for Jun 2023
Residential density	139 sqm per resident	Bottom 1%	Data for Jan 2021

Risk in Elwood

Elwood Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
% Owner Occupied	57.1%	Bottom 2%	1% to May 2023
% Rentals	42.9%	Top 2%	2% to May 2023
Housing Affordability Index	64	Top 5%	Data for Jun 2023
Median monthly mortgage	$2,270	Top 32%	7% to May 2023
Rent Affordability Index (Houses)	73	Bottom 23%	Data for Jun 2023
Rent Affordability Index (Units)	81	Top 19%	Data for Jun 2023
Mortgage as a percent of income	25.2%	Top 33%	4% to Jan 2021
Mortgaged Dwellings	29.2%	Bottom 23%	11% to May 2023

Housing Demand in Elwood

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Field	Value	VS Melbourne	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	16900	Top 30%	12% to Dec 2036
Historical Population (SA3)	110000	Top 22%	37% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	139000	Top 12%	73% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Elwood

Elwood Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Units	Premium	Premium	Premium
Capital Growth Forecast: Units (2-Year Outlook)	Premium	Premium	Premium
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$584	Top 19%	106% to Dec 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	33.0%	Bottom 3%	49% to Dec 2025

Realtors (6)

Headline	Place	Datetime
AJP Town Planning
Biggin & Scott	87 Ormond Rd
Morleys Real Estate	103 Brighton Rd
RT Edgar Elwood	59 Glen Huntly Rd
fre Real Estate	47 Glen Huntly Rd

Accommodation Options (2)

LGA Details (1)

Headline	Place	Datetime
Local government area	Port Phillip

Median Unit Sale Prices by Street (44)

Date	Median sale value	Street
06 Dec 2025	$1,075,000	Addison St
06 Dec 2025	$702,800	Alfriston St
06 Dec 2025	$650,400	Austin Ave
06 Dec 2025	$636,700	Avoca Ave
06 Dec 2025	$516,900	Avoca Ct

Median House Rental Prices by Street (26)

Street	Date	Median rent (per week)
Kendall St	06 Dec 2025	$972
Marine Pde	06 Dec 2025	$1,605
Mccrae St	06 Dec 2025	$899
Mason Ave	06 Dec 2025	$938
Lawson St	06 Dec 2025	$1,068

Median House Sale Prices by Street (40)

Street	Date	Median sale value
Addison St	06 Dec 2025	$2,147,000
Alfriston St	06 Dec 2025	$2,407,000
Barkly St	06 Dec 2025	$1,887,000
Beach Ave	06 Dec 2025	$1,256,000
Bendigo Ave	06 Dec 2025	$4,272,000

Percent of Renters by Street (84)

Percent of Renters	Street
77.9%	Austin Ave
36.9%	Addison St
55.9%	Alfriston St
74.7%	Avoca Ave
62.4%	Avoca Ct

Turnover Rate by Street (78)

Turnover rate	Street	Turnover Label	Turnover Years	Year
78.0%	Spray St	average turnover	Every 12.8 years (average turnover)	2025
104.9%	Pine Ave	very high turnover	Every 9.5 years (very high turnover)	2025
71.8%	Docker St	average turnover	Every 13.9 years (average turnover)	2025
95.3%	Barkly St	high turnover	Every 10.5 years (high turnover)	2025
81.8%	Gordon Ave	average turnover	Every 12.2 years (average turnover)	2025

Planning Applications: Dwellings (83)

Headline	Place	Date
Partial demolition and construction of a double storey extension to a single dwelling on lot less than 300 square metres, subject to the following permissions: • Clause 32.09-5 - Construct or extend one dwelling on a lot less than 300 square metres in a Neighbourhood Residential Zone • Clause 43.01-1 - Demolish or remove a building in a Heritage Overlay • Clause 43.01-1 - Construct a building or construct or carry out works in a Heritage Overlay - City of Port Phillip PDPL/00528/2025	4 Lytton Street Elwood VIC 3184	04 Dec 2025
Construction of two double-storey dwellings and associated front fencing in the General Residential Zone and on land affected by a Heritage Overlay, subject to the following permissions: - Clause 32.08-7 - Construct two or more dwellings on a lot - Clause 43.01-1 - Construct a building or construct or carry out works - City of Port Phillip PDPL/00525/2025	47 Dickens Street Elwood VIC 3184	28 Nov 2025
Partial demolition and extension of a dwelling subject to following permissions: - Clause 43.01-1 – Demolish or remove a building in Heritage Overlay - Clause 43.01-1 – Construct a building or construct or carry out works in Heritage Overlay - City of Port Phillip PDPL/00551/2025	300 Barkly Street Elwood VIC 3184	18 Oct 2025
Partial demolition of existing buildings, retention of the existing dwelling and construction of a new dwelling to the rear of the property, subdivision of the land into 2 lots, subject to the following permissions: - Clause 32.08-3 - Subdivide land in General Residential Zone Schedule 1 - Clause 32.08-7 - Construct a dwelling if there is at least one dwelling existing on the lot in General Residential Zone Schedule 1 - City of Port Phillip PDPL/00361/2025	61 Dickens Street Elwood VIC 3184	15 Oct 2025
Construction and extension of a dwelling including the addition of a third storey subject to following permissions: Clause 43.02-2 – Construct a building or construct or carry out works in Design and Development Overlay - City of Port Phillip PDPL/00442/2025	63 Marine Parade Elwood VIC 3184	07 Oct 2025

Planning Applications: Other (16)

Headline	Place	Date
Construction of a garage in the General Residential Zone (Schedule 1) The application involves the following planning permissions: • Clause 32.08-5 - Construct or extend one dwelling on a lot less than 300 square metres. - City of Port Phillip PDPL/00290/2025	190 Tennyson Street Elwood VIC 3184	01 Jul 2025
Partial demolition and construct buildings and works comprising of ground and first floor alterations and additions to a dwelling and addition of outbuilding including a garage, subject to the following permissions: - Clause 43.01-1 – Demolish or remove a building in a Heritage Overlay (HO442) - Clause 43.01-1 Construct a building or construct or carry out works in a Heritage Overlay (HO442) - City of Port Phillip PDPL/00204/2025	117 Ruskin Street Elwood VIC 3184	17 Jun 2025
Use of the land to sell or consume liquor associated with a restaurant and café license in the area identified on the “Red Line” Plan with the following operational details: Operating Hours: • 9am-10pm - Monday-Sunday Maximum capacity: • 65 Patrons in internal area • 10 Patrons in footpath trading area The application involves the following planning permissions: Clause 52.27 – Use land to sell or consume liquor - City of Port Phillip PDPL/00138/2025	69 Glen Huntly Road Elwood VIC 3184	24 May 2025
Use of the land to sell or consume liquor associated with a restaurant and café license in the area identified on the “Red Line” Plan with the following operational details: Operating Hours: • 9am-10pm - Monday-Sunday Maximum capacity: • 65 Patrons in internal area • 10 Patrons in footpath trading area The application involves the following planning permissions: Clause 52.27 – Use land to sell or consume liquor - City of Port Phillip PDPL/00138/2025	69 Glen Huntly Road Elwood VIC 3184	24 May 2025
Construction of a carport structure to the rear of an existing apartmemt building, subject to the General Residential Zone. Clause 32.08-7 – Extension of two or more dwellings on a lot. - City of Port Phillip PDPL/00364/2024	48 Tennyson Street Elwood VIC 3184	10 Oct 2024

Planning Applications: Industrial (1)

Headline	Place	Date
Variation of Restriction contained in Instrument of Transfer 979150 to read as follows: …will not at any time hereafter erect or permit or allow to be erected on the land hereby transferred any building other than a dwelling house or child care centre to be built of brick or stone or concrete with main roof of such building of slates, tiles or other materials except iron and not less than one thousand two hundred and fifty pounds shall be expended in the erection or such building exclusive of outbuildings and not more than one such dwelling or child care centre shall be erected on the said land and that such building will not be used for a shop or for trading or manufacturing purposes, and that no soil shall be removed from the said land except for the purpose of laying the foundation of any building to be erected thereon or for use in the erection of such building AND that no hoarding or advertisement shall be erected on the said land… - City of Port Phillip PDPL/00731/2023	Elwood Children's Centre 46 Tennyson Street Elwood VIC 3184	29 Feb 2024

Businesses (67)

Name	Address
Elwood Trade Services	Broadway, Elwood VIC 3184, Australia
Nature's Essence Landscaping	7/15 Milton St, Elwood VIC 3184, Australia
Morcon Developments	1/103 Brighton Rd, Elwood VIC 3184, Australia
Pescatore Constructions	21 Ormond Rd, Elwood VIC 3184, Australia
Common Ground Electrical	93 Ormond Rd, Elwood VIC 3184, Australia

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
76 Milton St	$3,240,000	3.0	1.0	3.0	29 Nov 2025	On Market
10 Pozieres Ave	Price Withheld	4.0	2.0	2.0	23 Nov 2025	On Market
110 Addison St	Price Withheld	3.0	1.0		18 Nov 2025	On Market
34 Kingsley St	Price Withheld	4.0	3.0	2.0	18 Nov 2025	On Market
379 Barkly St	Price Withheld	4.0	2.0	4.0	17 Nov 2025	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 3, 45 Ruskin St	$695	2.0	1.0	2.0	03 Dec 2025
Unit 1, 33 Docker St	$595	1.0	1.0		03 Dec 2025
Unit 3, 45 Ruskin St	$695	2.0	1.0	2.0	03 Dec 2025
Unit 5, 28 Selwyn Ave	$460	1.0	1.0	1.0	02 Dec 2025
Unit 9, 7 Milton St	$875	3.0	1.0	1.0	02 Dec 2025

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 2, 1 Garden Ct	$820	2	1	1	12 Nov 2025
Unit 2, 1 Garden Ct	$820	2	1	1	12 Nov 2025
Unit 2, 1 Garden Ct	$820	2	1	1	12 Nov 2025
Unit 2, 1 Garden Ct	$820	2	1	1	12 Nov 2025
Unit 2, 1 Garden Ct	$820	2	1	1	12 Nov 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 12, 10 Dickens St	$685,000	2.0	1.0	1.0	03 Dec 2025	On Market
Unit 2, 139 Brighton Rd	Price Withheld	3.0	2.0	2.0	03 Dec 2025	On Market
Unit 107, 96 Ormond Rd	Price Withheld	1.0	1.0	1.0	01 Dec 2025	On Market
Unit 8, 11 Scott St	$645,000	2.0	1.0	1.0	29 Nov 2025	On Market
Unit 8, 11 Scott St	$645,000	2.0	1.0	1.0	29 Nov 2025	On Market

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