Elsternwick (VIC 3185): property prices & suburb profile
Glen Eira LGA · Latest published data October 2025 · Page updated August 2026 · Public government records
Elsternwick property prices
The typical Elsternwick house sold for around $2,146,000 in the year to 2025-Q4, +48.5% over 10 years and +7.0% over 5 years.
Change in medians published by the Victorian Valuer-General · rolling year to 2025-Q4 for recent horizons, yearly medians to 2024 further back
View as table
| Period | Houses (yearly + recent quarters) | Units (yearly + recent quarters) |
|---|---|---|
| 2013 | $1,365,000 | $530,000 |
| 2014 | $1,315,000 | $561,000 |
| 2015 | $1,621,000 | $558,000 |
| 2016 | $1,723,500 | $595,000 |
| 2017 | $2,087,500 | $711,000 |
| 2018 | $1,970,000 | $635,000 |
| 2019 | $1,825,000 | $635,000 |
| 2020 | $2,081,000 | $715,000 |
| 2021 | $2,175,000 | $693,000 |
| 2022 | $2,265,000 | $681,500 |
| 2023 | $2,240,000 | $641,000 |
| 2024 | $1,953,000 | $714,000 |
| Apr 2024 | $2,170,000 | $730,000 |
| July 2024 | $1,810,000 | $740,000 |
| Oct 2024 | $2,225,000 | $625,000 |
| 2025 | $2,030,000 | $756,000 |
| Apr 2025 | $1,902,000 | $705,000 |
| July 2025 | $2,300,000 | $771,600 |
| Oct 2025 | $2,250,000 | $641,500 |
- Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
- The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
- The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
- Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
- Periods with fewer than 5 recorded sales are excluded.
Elsternwick medians by quarter
The most recent quarter on record for Elsternwick is 2025-Q4.
| 2025-Q4 | Unit | $642k | 90 |
| 2025-Q4 | House | $2.25M | 25 |
| 2025-Q3 | Unit | $772k | 44 |
| 2025-Q3 | House | $2.30M | 11 |
| 2025-Q2 | Unit | $705k | 51 |
| 2025-Q2 | House | $1.90M | 12 |
| 2025-Q1 | Unit | $756k | 44 |
| 2025-Q1 | House | $2.03M | 12 |
| 2024-Q4 | Unit | $625k | 54 |
| 2024-Q4 | House | $2.23M | 18 |
| 2024-Q3 | Unit | $740k | 49 |
| 2024-Q3 | House | $1.81M | — |
- Sale counts are shown so you can judge how solid each median is.
Who lives in Elsternwick
Elsternwick has a median age of 38 and a median household income of $2,209 a week.
- Figures labelled Elsternwick are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Elsternwick" and postcode 3185 both extend beyond Elsternwick.
- SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.
Schools in Elsternwick
The 4 schools in Elsternwick sit at the 94th percentile nationally on ACARA's socio-educational index.
| Adass Israel School | Independent | Combined | 932 |
| Leibler Yavneh College | Independent | Combined | 1,123 |
| Sholem Aleichem College | Independent | Primary | 1,168 |
| St Joseph's School | Catholic | Primary | 1,164 |
- ICSEA is ACARA's socio-educational index (average 1000). It describes the family backgrounds of the students enrolled, NOT how well a school teaches: a lower ICSEA means a less advantaged intake, not a worse school.
- Percentiles are ACARA's own national ranking, so the Australia bar is a published figure rather than our arithmetic. Each area shows the median of the mainstream schools sitting inside it; special schools are listed in the table but excluded from the medians.
- Public school intake zones are not published in our dataset for this state, so confirm catchments with the school.
Suburbs near Elsternwick
Elsternwick's typical house price of $2,146,000 is the 6th highest of the 59 Melbourne South East suburbs we cover.
Aspendale 3195
$1,427,000 typical house price
Beaconsfield 3807
$969,000 typical house price
Beaumaris 3193
$2,125,000 typical house price
Bentleigh 3204
$1,710,000 typical house price
Bentleigh East 3165
$1,539,000 typical house price
Berwick 3806
$897,000 typical house price
Bonbeach 3196
$1,139,000 typical house price
Botanic Ridge 3977
$921,000 typical house price
Elsternwick: common questions
- How much does a house cost in Elsternwick?
- About $2,146,000 across the 12 months to 2025-Q4, from 60 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.
- Have Elsternwick prices gone up?
- Prices have risen 48.5% over 10 years and moved +7.0% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.
- What do units cost in Elsternwick?
- The typical unit price was around $703,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 229 sales.
- Can I see Elsternwick prices street by street?
- Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.
- Which schools are in Elsternwick?
- Elsternwick has 4 ACARA-registered schools: Adass Israel School, Leibler Yavneh College, Sholem Aleichem College, St Joseph's School.
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Data sources
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This page summarises public government datasets for general information. It is not financial, legal or property advice, figures can contain source errors, and postcode or SA2 statistics cover a wider area than the suburb itself. Flood and bushfire overlays are not yet loaded for VIC pages, so the absence of a risk section is a data gap, not an all-clear: always check the vendor statement and planning certificate. Verify anything material independently before acting on it.