Elwood (VIC 3184): property prices & suburb profile
Port Phillip LGA · Latest published data October 2025 · Page updated August 2026 · Public government records
Elwood property prices
The typical Elwood house sold for around $2,203,000 in the year to 2025-Q4, +46.9% over 10 years and +6.4% 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 | $1,350,000 | $558,500 |
| 2014 | $1,412,500 | $587,000 |
| 2015 | $1,631,000 | $615,500 |
| 2016 | $1,841,500 | $630,000 |
| 2017 | $1,900,000 | $664,000 |
| 2018 | $2,140,000 | $662,500 |
| 2019 | $1,950,000 | $680,000 |
| 2020 | $2,110,000 | $652,500 |
| 2021 | $2,217,500 | $730,000 |
| 2022 | $2,605,000 | $675,000 |
| 2023 | $2,210,000 | $673,000 |
| 2024 | $2,075,000 | $655,000 |
| Apr 2024 | $2,055,000 | $692,500 |
| July 2024 | $1,925,000 | $602,000 |
| Oct 2024 | $2,110,000 | $658,000 |
| 2025 | $2,542,500 | $620,000 |
| Apr 2025 | $2,332,500 | $627,500 |
| July 2025 | $2,150,000 | $653,000 |
| Oct 2025 | $1,910,000 | $620,000 |
- 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.
Elwood medians by quarter
The most recent quarter on record for Elwood is 2025-Q4.
| 2025-Q4 | Unit | $620k | 151 |
| 2025-Q4 | House | $1.91M | 35 |
| 2025-Q3 | Unit | $653k | 117 |
| 2025-Q3 | House | $2.15M | 26 |
| 2025-Q2 | Unit | $628k | 115 |
| 2025-Q2 | House | $2.33M | 37 |
| 2025-Q1 | Unit | $620k | 83 |
| 2025-Q1 | House | $2.54M | 20 |
| 2024-Q4 | Unit | $658k | 107 |
| 2024-Q4 | House | $2.11M | 24 |
| 2024-Q3 | Unit | $602k | 98 |
| 2024-Q3 | House | $1.93M | — |
- Sale counts are shown so you can judge how solid each median is.
Who lives in Elwood
Elwood has a median age of 38 and a median household income of $2,096 a week.
- Figures labelled Elwood are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Elwood" and postcode 3184 both extend beyond Elwood.
- 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 Elwood
The 4 schools in Elwood sit at the 89th percentile nationally on ACARA's socio-educational index.
| Elwood College | Government | Secondary | 1,096 |
| Elwood Primary School | Government | Primary | 1,131 |
| St Columba's School | Catholic | Primary | 1,152 |
| Yesodei HaTorah College | Independent | Combined | 1,112 |
- 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 Elwood
Elwood's typical house price of $2,203,000 is the 5th highest of the 22 Melbourne Inner suburbs we cover.
Albert Park 3206
$2,309,000 typical house price
Armadale 3143
$2,643,000 typical house price
Balaclava 3183
$1,402,000 typical house price
Carlton 3053
$1,542,000 typical house price
Collingwood 3066
$1,321,000 typical house price
Docklands 3008
$573,000 typical unit price
Fitzroy 3065
$1,575,000 typical house price
Fitzroy North 3068
$1,661,000 typical house price
Elwood: common questions
- How much does a house cost in Elwood?
- About $2,203,000 across the 12 months to 2025-Q4, from 118 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 Elwood prices gone up?
- Prices have risen 46.9% over 10 years and moved +6.4% 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 Elwood?
- The typical unit price was around $630,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 466 sales.
- Can I see Elwood 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 Elwood?
- Elwood has 4 ACARA-registered schools: Elwood College, Elwood Primary School, St Columba's School, Yesodei HaTorah College.
Tell us what you're buying in Elwood
Answer a few questions and we'll match you with buyer's agents who cover Elwood and fit your budget and property type.
Data sources
- [1]
- [2]
- [3]
- [4]
- [5]
- [6]
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.