Median price trend for houses
Based on 105 sales in the preceding 12 months
$1,920,000
Down 8.3% over 12 months
- 2 bed
- $1.44m
- 3 bed
- $1.92m
- 4 bed
- $2.72m
Sandy beach with walking path and breakwater
Donaldytong · CC BY 3.0
The quick read on
Elwood
VIC 3184 · Port Phillip
What homes cost, how rents have moved, and a feel for the people who call it home.
- Median house
- $1,920,000
- Median unit
- $653,000
- Population
- 15,153
- Postcode
- 3184
latest suburb median
latest suburb median
ABS 2021
Elwood, Victoria
Property market insights for Elwood
Median sale price and rental income of properties in Elwood VIC
Median rent trend for houses
Based on 68 rental listings in the preceding 12 months
$1,100 per week
No change over 12 months
Market data updated October 2026.
The median house price in Elwood, VIC is currently $1,920,000, based on the latest 12 months of sales. Elwood has a 12-month growth rate of -8.3% for houses and 3.6% for units.
Two-bedroom houses have a median sale price of $1,440,000, Three-bedroom houses have a median sale price of $1,920,000, Four-bedroom houses have a median sale price of $2,720,000 in Elwood.
If you're looking to lease, the median rent for houses in Elwood is $1,100 per week. The median house rent has remained unchanged over the last 12 months.
The median price of apartments and units for sale in Elwood is $653,000, which has increased 3.6% since the same time last year. One-bedroom apartments and units have a median sale price of $439,000, Two-bedroom apartments and units have a median sale price of $705,000, Three-bedroom apartments and units have a median sale price of $1,380,000, Four-bedroom apartments and units have a median sale price of $1,970,000 in Elwood. The median rent for units and apartments in Elwood is $600 per week and has increased 4.3% over the last 12 months.
Crime and safety
Is Elwood safe?
The overall rate for Elwood is 4,356 offences per 100,000 residents — 9% above the Greater Melbourne benchmark.
That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of Elwood.
Overall crime rate
4,356
offences per 100,000 residents
9% aboveGreater Melbourne
ElwoodGreater Melbourne: 4,001
Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.
The people behind the postcode
Who lives in Elwood?
Elwood VIC 3184 is in Victoria, within Greater Melbourne.
15,153 people call Elwood home, with an average of 1.9 people per household and a median household income of $2,096 a week.
Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.
- Population
- 15,153
- Median age
- 38 years
- Median mortgage
- $2,300 / month
- 2021 household rent
- $415 / week
Above the benchmarkBelow the benchmarkIn lineGreater Melbourne benchmark
Age profile
Share of residents in each age band.
Under 1513.0%Below
15–3430.0%Above
35–5434.6%Above
55–7418.6%In line
75 and over3.8%Below
Homes
Share of occupied private dwellings.
Separate houses14.3%Below
Townhouses13.6%Below
Apartments72.2%Above
Ownership
Share of homes with a stated ownership or rental status.
Owned outright21.2%Below
Paying a mortgage26.6%Below
Renting52.2%Above
Cars at home
Vehicles available to occupied households.
No car11.3%Above
One car55.8%Above
Two cars26.7%Below
Three or more6.2%Below
Getting to work
Selected ways residents worked or travelled on Census day.
Worked from home45.1%Above
Drove to work31.0%Below
Train, tram or bus4.2%Above
Walked or cycled4.8%Above
What stands out in Elwood
45.1% of workers in Elwood worked from home on Census day — noticeably more common than across Greater Melbourne.
5.1% of Elwood residents were born in England, about twice the rate across Greater Melbourne.
56.8% of people in Elwood described themselves as having no religion in the 2021 Census.
A closer look at the Census
Questions people ask about Elwood
Open any question for a plain-English reading of the public 2021 Census for Elwood VIC 3184.
Is Elwood family-friendly?Age, family structure and household size describe the community families would be joining.
13.0% of Elwood's residents were children under 15 in the 2021 Census. That is somewhat below the Greater Melbourne average.
3,583 family households lived in Elwood; 36.1% were couple families and 13.5% were one-parent families.
34.1% of local families included children under 15. That is somewhat below the Greater Melbourne average.
These are suburb-wide household figures, not school or childcare ratings.
What is the age profile of Elwood?The balance between younger adults, families and older residents changes how a suburb feels day to day.
Elwood had 15,153 residents at the 2021 Census.
40.5% of residents were aged 25 to 44.
22.4% were 55 or older. That is somewhat below the Greater Melbourne average.
Age shares use the suburb’s total Census population.
What kind of homes are in Elwood?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.
Separate houses made up 14.3% of occupied private dwellings in Elwood.
Townhouses and other attached homes represented 13.6% of occupied private dwellings.
Flats and apartments accounted for 72.2% of occupied private dwellings.
All three shares use occupied private dwellings as the denominator.
Do people own or rent in Elwood?Tenure shows how many households own outright, have a mortgage or rent.
21.2% of households with a stated tenure owned their home outright. That is well below the Greater Melbourne average.
26.6% were buying their home with a mortgage.
52.2% rented their home. That is well above the Greater Melbourne average.
Tenure shares include households that stated one of these three arrangements.
How large are households in Elwood?Household-size data shows the mix behind the suburb-wide average.
The average household in Elwood had 1.9 people.
One-person households made up 44.0% of occupied homes. That is well above the Greater Melbourne average.
Two-person households represented 33.4%, while 11.1% had four or more usual residents.
Household size counts usual residents in occupied homes.
How do people get to work in Elwood?Census-day travel shows the balance between home, road, public transport and active travel.
45.1% of workers worked from home on Census day. That is well above the Greater Melbourne average.
31.0% drove a car as their only travel method. That is well below the Greater Melbourne average.
4.2% used only a train, tram or bus, while 4.8% walked or cycled.
Travel figures are a 2021 Census-day snapshot.
How many cars do households have in Elwood?Vehicle availability helps describe the routines local households can support.
11.3% of occupied households had no motor vehicle available. That is somewhat above the Greater Melbourne average.
One-car households formed 55.8% of the total.
32.9% of households had two or more vehicles.
Vehicle counts refer to occupied households, not individual residents.
Who's moving to Elwood, and who stays?Address history shows how settled or recently mobile residents were at the Census date.
44.2% were at the same address five years earlier, while 55.8% reported a different address.
26.6% of residents were born outside Australia. That is well below the Greater Melbourne average.
Mobility figures cover residents who answered the relevant Census question.
What languages are spoken in Elwood?Language at home gives a direct view of the community’s everyday linguistic mix.
79.5% of residents used only English at home.
14.6% used a language other than English at home.
0.6% spoke Mandarin at home, 0.2% spoke Cantonese and 0.3% spoke Hindi.
Home language is separate from English proficiency.
Where were Elwood residents born?Birthplace adds another layer to the local story, separate from ancestry and language.
26.6% of Elwood's population was born outside Australia, while roughly 73.4% was born in Australia.
0.5% of residents were born in China.
1.0% were born in India, while Australian citizenship across the whole suburb stood at 82.3%.
Birthplace, citizenship and ancestry describe different parts of identity.
What ancestries shape Elwood?Ancestry responses show how residents describe family and cultural background.
English ancestry accounted for 36.7% of ancestry responses in Elwood.
Australian ancestry made up 26.2% of responses.
Chinese ancestry represented 2.2% of responses.
People may nominate more than one ancestry, so these are shares of responses.
What work do people do in Elwood?Occupation describes a person’s role; industry describes the sector employing them.
39.1% of employed residents worked in professional occupations. That is well above the Greater Melbourne average.
Managers accounted for 20.2% of employed residents, while clerical and administrative workers made up 10.2%.
Health care and social assistance employed 13.3% of workers, and education and training employed 9.9%.
Occupation and industry figures describe employed residents of the suburb.
How active is the workforce in Elwood?Participation, employment pattern and unemployment describe the resident labour force.
The labour-force participation rate was 74.7%, compared with 64.1% across Greater Melbourne.
46.6% of residents aged 15 and over worked full time, while 20.8% worked part time.
Unemployment was 4.1%, compared with 5.3% across Greater Melbourne.
Labour-force figures come from the 2021 Census.
What does the health profile of Elwood show?Selected long-term health conditions help describe community service needs.
64.5% reported no selected long-term health condition.
9.8% reported a long-term mental health condition, including depression or anxiety.
7.7% reported asthma, 4.6% arthritis and 1.9% diabetes excluding gestational diabetes.
These are self-reported suburb-wide Census figures, not address-level health risks.
How educated is Elwood?Qualifications describe the study pathways represented among local residents.
41.9% of people in the qualifications table held a bachelor degree. That is well above the Greater Melbourne average.
Postgraduate degrees accounted for 17.2% of qualification responses.
Diploma-level qualifications represented 12.8%, while certificate-level qualifications represented 12.4%.
Qualification categories are reported separately and are not school ratings.
What do incomes and housing costs look like in Elwood?Census income and household payments give historical context for local living costs.
Median household income was $2,096 per week in the 2021 Census.
The median monthly mortgage repayment reported by local households was $2,300.
Occupied renting households reported a median rent of $415 per week.
These household figures are from 2021; current sale and asking-rent medians appear in the market section.
How does Elwood compare with Greater Melbourne?A few clear differences place the suburb in its wider metropolitan context.
Working from home was 45.1% in Elwood, compared with 28.8% across Greater Melbourne.
Outright ownership was 21.2% locally and 30.7% across Greater Melbourne. That is well below the Greater Melbourne average.
Renting accounted for 52.2% in Elwood, against 31.1% across Greater Melbourne.
Capital-region comparisons use the same Census definitions and year.
Three useful questions
A buyer’s quick guide to Elwood
Is Elwood expensive?
The median house price is $1,920,000, while units and apartments sit at $653,000. Bedroom count, land and condition still create a wide range around those suburb medians.
Is Elwood good for families?
The Census counted 3,583 local families, and 13.0% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.
What can I get for $1.5m in Elwood?
2-bedroom houses have a median around $1,440,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.
Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.
Explore the area
Streets and suburbs around Elwood
86 streets in Elwood
Street-by-street reports are not published yet. The streets below are the ones this suburb covers.
- Addison St
- Alfriston St
- Austin Ave
- Avoca Ave
- Avoca Ct
- Barkly St
- Bayview St
- Beach Ave
- Bendigo Ave
- Bluff Ave
- Brighton Rd
- Broadway
- Bronte Ln
- Browning St
- Burns St
- Byrne Ave
- Byron St
- Clarke St
Show all 86 streetsShow fewer streets
- Coleridge St
- Cyril St
- Dairy Lane
- Daley St
- Dante Ln
- Dickens St
- Docker St
- Dryden St
- Elwood Foreshore
- Elwood Foreshore Rd
- Florence Lane
- Foam St
- Garden Ct
- Glen Huntly Rd
- Goldsmith St
- Gordon Ave
- Greig Ct
- Hartpury Ave
- Hatters Lane
- Heaton Ave
- Hennessy Ave
- Hood St
- James Pl
- John St
- Joyce St
- Keats St
- Kendall St
- Kingsley St
- Knight St
- Lawson St
- Lindsay Ave
- Lytton St
- Marine Pde
- Mason Ave
- May St
- Mccrae St
- Meredith St
- Milton St
- Mitford St
- Moore St
- Normandy Rd
- Ormond Esp
- Ormond Rd
- Phyllis St
- Pine Ave
- Poets Gr
- Pozieres Ave
- Rainsford St
- Robert St
- Rothesay Ave
- Ruskin St
- Scott St
- Selwyn Ave
- Shelley St
- Southey Ct
- Southey Gr
- Southey St
- Spray St
- St Kilda St
- Tennyson St
- Thackeray St
- Tide St
- Tiuna Gr
- Vautier St
- Wave St
- Wilkinson Ln
- Wilton Gr
- Wimbledon Ave
12 suburbs surrounding Elwood
Compare nearby suburb prices, rents and five-year market trends.
Keep exploring
Is Elwood right for your search?
Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.
Read the thinking
Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.