Thinking about buying in Elwood? Now could not be a better time, with 12149 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,598,000 with prices in this suburb ranging from $274,000 to $18,890,000. Elwood is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Elwood Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Elwood ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Elwood classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Elwood requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Properties for sale Elwood

	30A WAVE ST, ELWOOD, VIC, 3184	4	3	1	$2,200,000 - $2,400,000
	72 BYRON ST, ELWOOD, VIC, 3184	3	1	2	Expressions of Interest close Thurs 28 Nov 2pm
	UNIT 1, 503 ST KILDA ST, ELWOOD, VIC, 3184	2	1	1	Under Contract
	UNIT 1, 29 DICKENS ST, ELWOOD, VIC, 3184	3	1	1	$820,000 - $850,000
	STRATA UNIT 25, 9 SOUTHEY ST, ELWOOD, VIC, 3184	1	1		$330,000 - $360,000
	UNIT 4, 70 GLEN HUNTLY RD, ELWOOD, VIC, 3184	2	1	1	$791,000 - $870,000
	UNIT 104, 96 ORMOND RD, ELWOOD, VIC, 3184	2	1	1	$585,000
	UNIT 9, 4 RUSKIN ST, ELWOOD, VIC, 3184	1	1	1	$362,000
	STRATA UNIT 1, 7 ROBERT ST, ELWOOD, VIC, 3184	3	1	1	$698,000
	UNIT G09, 35 ORMOND RD, ELWOOD, VIC, 3184	1	1	1	Under Offer
	UNIT 17, 24 TENNYSON ST, ELWOOD, VIC, 3184	1	1		$295,000 - $320,000
	UNIT 1, 74 DICKENS ST, ELWOOD, VIC, 3184	12	6	4	$4,600,000 - $5,000,000
	5 BLUFF AV, ELWOOD, VIC, 3184	2	1	4	$2,050,000
	UNIT 1, 71 ORMOND RD, ELWOOD, VIC, 3184	2	1	1	Private Sale $749,000
	UNIT 3, 3 MEREDITH ST, ELWOOD, VIC, 3184	2	1	1	$1,200,000 - $1,300,000
	1 BYRNE AV, ELWOOD, VIC, 3184	3	2	3	$3,325,000
	UNIT 7, 282 BARKLY ST, ELWOOD, VIC, 3184	1	1		$375,000
	FLAT G10, 2 KINGSLEY ST, ELWOOD, VIC, 3184	2	2	1	680000
	UNIT 3, 56 MARINE PDE, ELWOOD, VIC, 3184	3	2	2	2200000

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