Elwood Suburb Profile, VIC, 3184 (Pricing & Investment Data)

Elwood Suburb Profile
Victoria 3184

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Elwood has 10,272 properties. Over the last 5 years, Houses in Elwood have seen a 17.15% increase in median value, while Units have seen a 8.88% increase. As at 31 October 2025:

  • The median value for Houses in Elwood is $2,306,416 while the median value for Units is $696,943.
  • Houses have a median rent of $650 while Units have a median rent of $570.
There are currently 19 properties listed for sale, and 11 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 561 properties were sold in the past 12 months in Elwood.

The size of Elwood is approximately 2.6 square kilometres. It has 14 parks covering nearly 14.0% of total area. The population of Elwood in 2016 was 15543 people. By 2021 the population was 15153 showing a population decline of 2.5% in the area during that time. The predominant age group in Elwood is 30-39 years. Households in Elwood are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Elwood work in a professional occupation.In 2021, 46.90% of the homes in Elwood were owner-occupied compared with 41.90% in 2016.

Suburb Insights for ELWOOD 3184

Market Insights
Elwood Trends for Houses
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Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Elwood Trends for Units
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Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age

Population 15153

0-9

 

9%

10-19

 

8%

20-29

 

15%

30-39

 

22%

40-49

 

16%

50-59

 

14%

60-69

 

9%

70-79

 

5%

80-89

 

2%

Household Structure
Occupancy

Recent Sales in ELWOOD 3184

Properties for sale in ELWOOD 3184

Properties for rent in ELWOOD 3184

Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Last Updated: 05/12/2025

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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