City of Port Phillip
Elwood Property Market
& Suburb Profile
MEDIAN PRICES IN ELWOOD
Median house price
(all agencies, last 12 months)$2.1m*House price change
(all agencies, last 12 months)-2.27%Median unit price
(all agencies, last 12 months)$654k*Unit price change
(all agencies, last 12 months)-3.68%(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)
ELWOOD price TRACKER
Elwood sales overview
- Sold by Auction 53%
- Sold by Private Sale or Other Method 47%
- (Based on Sales Reported in the Last 12 Months)
Average days on market (houses)
(all agencies, 12 months)34Average days on market (units)
(all agencies, 12 months)27Auction clearance rate in Elwood
(all agencies, last 12 months)53%Average held period in Elwood
(proptrack)14 yearsElwood Investor Statistics
Median rental price for Houses
(all agencies, last 12 months)$1,160pwHouse rental price change
(all agencies, last 12 months)0.1%Median rental price for Units
(all agencies, last 12 months)$609pwUnit rental price change
(all agencies, last 12 months)0.05%Average rental yield for Houses
(all agencies, last 12 months)2.95%Average rental yield for Units
(all agencies, last 12 months)4.42%Elwood total population size
(as at the last census)15,153Median household size in Elwood
(as at the last census)1.9(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)
Elwood property types
- Houses 14%
- Units 52%
- Other 34%
OCCUPANCY in Elwood
- Owned 47%
- Rented 51%
- Other/Not Stated 2%
- Singles 44%
- Families 49%
- Other 7%
About Elwood
Education
Sales Comparison
Find out how Elwood median sales prices compare to neighbouring suburbs.
Elwood MARKET INSIGHTS
| Year | Sold | Median Sale Price (All Residential) | Sales Growth YoY |
|---|---|---|---|
| 2025 | 529 | $1,402,000 | -2.27% |
| 2024 | 492 | $1,393,250 | -6.32% |
| 2023 | 442 | $1,478,750 | -13.37% |
| 2022 | 474 | $1,645,000 | +17.86% |
| 2021 | 609 | $1,486,125 | +6.31% |
| Year | Leased | Median Rental Price (All Residential) | Rental Yield |
|---|---|---|---|
| 2025 | 994 | $885pw | 3.68% |
| 2024 | 1091 | $811pw | 3.42% |
| 2023 | 1059 | $819pw | 3.53% |
| 2022 | 1518 | $762pw | 3.04% |
| 2021 | 1548 | $616pw | 2.35% |
*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.
This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).
The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.