Elwood, VIC 3184
Elwood property market
Elwood's busiest market is unit rentals, with 879 leases (down 6.6%) at $595 a week (up 7.2%) as of July 2026, renting out in about 15 days (down from 19 days last year), one of the country's most in-demand unit rental markets, with more than half being 2-bedroom.
Unit sales follow, with 486 sales (sharply up 23.7%) at around $649k (up 4.3%), taking about 25 days to sell, among the most sought-after unit markets nationally, with 2-bedroom the most common at around 55%. Rounding it out, 117 house sales at around $2.091M (among the country's biggest house price drops). 96 house rentals at $1,105 a week.
Who lives hereAn above-average-income, renter-majority, young-professional suburb — apartment-dominated and newcomer-heavy, with a strongly professional workforce.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Elwood demographics & population
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
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Detailed, institutional-grade analysis — well beyond the usual suburb snapshot.
InsideWho lives here · What homes cost to buy & rent · How fast homes are selling · How much is for sale or rent · How it compares to nearby suburbs · Schools nearby
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Who lives in Elwood?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
A strongly multicultural community with deep migrant heritage.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Housing & affordability in Elwood
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Income & employment in Elwood
Incomes, employment, and the occupation mix of the people who live here.
Household and personal income sit close together — lots of single-earner or lone-person homes.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Getting around Elwood
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
Schools in and around Elwood
4 schools inside Elwood, plus the closest options around it. Families can choose from 108 primary schools in Elwood and its surrounds, and 60 high schools covering the secondary years. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
- Within Elwood · 4Order by
- 1Yesodei HaTorah CollegeIndependent · Combined · Co-ed · Years Prep-12 · Within suburbState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 2Elwood CollegeGovernment · Secondary · Co-ed · Years 7-12 · Within suburbState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 3Elwood Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburbState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 4St Columba's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Within suburbState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- Nearby · within 5 km · 146
- 5Melbourne High SchoolGovernment · Secondary · Co-ed · Years 9-12 · South Yarra · 3.7 kmState RankTop 1%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 6MacRobertson Girls High SchoolGovernment · Secondary · Co-ed · Years 9-12 · Melbourne · 3.7 kmState RankTop 1%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 7South Melbourne Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Southbank · 3.7 kmState RankTop 1%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 8Kilvington Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · Ormond · 3.7 kmState RankP Top 1%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 9Caulfield Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · St Kilda East · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 10St Michael's Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · St Kilda · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 11Firbank Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · Brighton · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 12Brighton Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · Brighton · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 13Wesley CollegeIndependent · Combined · Co-ed · Years Prep-12 · Melbourne · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 14Loreto Mandeville HallCatholic · Combined · Co-ed · Years Prep-12 · Toorak · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 15Glen Eira CollegeGovernment · Secondary · Co-ed · Years 7-12 · Caulfield East · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 16Lauriston Girls' SchoolIndependent · Combined · Co-ed · Years Prep-12 · Armadale · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 17Melbourne Girls GrammarIndependent · Combined · Co-ed · Years Prep-12 · South Yarra · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 18Albert Park CollegeGovernment · Secondary · Co-ed · Years 7-12 · Albert Park · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 19Melbourne Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · Melbourne · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 20St Leonard's CollegeIndependent · Combined · Co-ed · Years Prep-12 · Brighton East · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 21St Catherine's SchoolIndependent · Combined · Co-ed · Years Prep-12 · Toorak · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 22St Kevin's CollegeCatholic · Combined · Co-ed · Years Prep-12 · Toorak · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 23Victorian College Of The Arts Secondary SchoolGovernment · Secondary · Co-ed · Years 7-12 · Southbank · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 24Sacre CoeurCatholic · Combined · Co-ed · Years Prep-12 · Glen Iris · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 25Korowa Anglican Girls' SchoolIndependent · Combined · Co-ed · Years Prep-12 · Glen Iris · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 26Mckinnon Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Mckinnon · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 27Scotch CollegeIndependent · Combined · Co-ed · Years Prep-12 · Hawthorn · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 28Bialik CollegeIndependent · Combined · Co-ed · Years Prep-12 · Hawthorn · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 29Auburn High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Hawthorn East · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 30Melbourne Girls CollegeGovernment · Secondary · Co-ed · Years 7-12 · Richmond · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 31Williamstown High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Williamstown · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 32Xavier CollegeCatholic · Combined · Co-ed · Years Prep-12 · Kew · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 33Methodist Ladies' CollegeIndependent · Combined · Years Prep-12 · Kew · 3.7 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 34Sholem Aleichem CollegeIndependent · Primary · Co-ed · Years Prep-6 · Elsternwick · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 35St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Elsternwick · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 36Cheder Levi Yitzchok IncIndependent · Combined · Co-ed · Years Prep-10 · St Kilda · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 37Caulfield Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Caulfield South · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 38The King David SchoolIndependent · Combined · Co-ed · Years Prep-12 · Armadale · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 39Caulfield Junior CollegeGovernment · Primary · Co-ed · Years Prep-6 · Caulfield North · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 40Melbourne Montessori CollegeIndependent · Combined · Co-ed · Years Prep-12 · Caulfield South · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 41Brighton Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brighton · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 42South Yarra Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · South Yarra · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 43St Joan of Arc SchoolCatholic · Primary · Co-ed · Years Prep-6 · Brighton · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 44Christ Church Grammar SchoolIndependent · Primary · Co-ed · Years Prep-6 · South Yarra · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 45St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Malvern · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 46Malvern Central SchoolGovernment · Primary · Co-ed · Years Prep-6 · Malvern · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 47Ormond Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ormond · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 48Albert Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Albert Park · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 49Glen Huntly Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Glen Huntly · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 50Bentleigh West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Bentleigh · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 51Hampton Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Hampton · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 52Carnegie Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Carnegie · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 53Mckinnon Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ormond · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 54Erasmus Primary SchoolIndependent · Primary · Co-ed · Years Prep-6 · Hawthorn · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 55Valkstone Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Bentleigh East · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 56Glen Iris Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Glen Iris · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 57Murrumbeena Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Murrumbeena · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 58Yarra Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Richmond · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 59St Mary's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Williamstown · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 60Sandringham Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Sandringham · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 61Solway Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ashburton · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 62Camberwell South Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Glen Iris · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 63Williamstown Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Williamstown · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 64St Cecilia's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Glen Iris · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 65Abbotsford Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Abbotsford · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 66Sacred Heart SchoolCatholic · Primary · Co-ed · Years Prep-6 · Sandringham · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 67Camberwell Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Camberwell · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 68Moorabbin Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Moorabbin · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 69Hughesdale Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Hughesdale · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 70Williamstown North Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Williamstown · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 71St Michael's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Ashburton · 3.7 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students418Multilingual50%ICSEA Rank50th
- 72St Kilda Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · St Kilda · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 73Elsternwick Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brighton · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 74Ripponlea Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · St Kilda East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 75Beth Rivkah Ladies CollegeIndependent · Combined · Co-ed · Years Prep-12 · St Kilda East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 76Yeshivah CollegeIndependent · Combined · Co-ed · Years Prep-12 · St Kilda East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 77Adass Israel SchoolIndependent · Combined · Co-ed · Years Prep-12 · Elsternwick · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 78Star of the Sea CollegeCatholic · Secondary · Co-ed · Years 7-12 · Brighton · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 79St James' SchoolCatholic · Primary · Co-ed · Years Prep-6 · Brighton · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 80Leibler Yavneh CollegeIndependent · Combined · Co-ed · Years Prep-12 · Elsternwick · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 81St Mary's College MelbourneCatholic · Secondary · Co-ed · Years 7-12 · St Kilda East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 82St Kilda Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · St Kilda · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 83St Mary's SchoolCatholic · Primary · Co-ed · Years Prep-6 · St Kilda East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 84Windsor Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Windsor · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 85Japanese School of MelbourneIndependent · Secondary · Co-ed · Years Prep-9 · Caulfield South · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 86Prahran High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Windsor · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 87Victorian College For The DeafGovernment · Special · Co-ed · Years U · Melbourne · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 88Gardenvale Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brighton East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 89Our Lady of Lourdes SchoolCatholic · Primary · Co-ed · Years Prep-6 · Prahran · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 90Caulfield South Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Caulfield South · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 91Armadale Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Armadale · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 92Oakwood SchoolGovernment · Secondary · Co-ed · Years 7-12 · Caulfield North · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 93Middle Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Middle Park · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 94Toorak Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Toorak · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 95Brighton Beach Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brighton · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 96Malvern Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Malvern East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 97St Finbar's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Brighton East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 98De La Salle CollegeCatholic · Combined · Co-ed · Years 6-12 · Malvern · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 99KamarukaIndependent · Special · Co-ed · Years 2-10 · South Yarra · 3.7 kmState Rank—English—Maths—Students418Multilingual1%ICSEA Rank50th
- 100South Melbourne Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Albert Park · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 101Divrei EminehIndependent · Combined · Co-ed · Years Prep-12 · Ormond · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 102Centre for Higher Education StudiesGovernment · Secondary · Co-ed · Years 10-12 · South Yarra · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 103Youth2Industry CollegeIndependent · Secondary · Co-ed · Years 11-12 · South Melbourne · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 104Brighton Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Brighton East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 105St Anthony's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Glen Huntly · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 106Galilee Regional Catholic Primary SchoolCatholic · Primary · Co-ed · Years Prep-6 · South Melbourne · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 107Richmond Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Richmond · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 108St Mary's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Hampton · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 109St Mary's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Malvern East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 110Port Phillip Specialist SchoolGovernment · Special · Co-ed · Years U · Port Melbourne · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 111Lloyd Street Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Malvern East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 112St Roch's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Glen Iris · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 113Montague SchoolGovernment · Special · Co-ed · Years U · South Melbourne · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 114The Currajong SchoolIndependent · Special · Co-ed · Years Prep-6 · Malvern East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 115Melbourne Indigenous Transition SchoolIndependent · Special · Co-ed · Years 7-8 · Richmond · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 116Alia CollegeIndependent · Secondary · Co-ed · Years 7-12 · Hawthorn East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 117St Paul's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Bentleigh · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 118Port Melbourne Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Port Melbourne · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 119Our Lady of the Sacred Heart CollegeCatholic · Secondary · Co-ed · Years 7-12 · Bentleigh · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 120Auburn South Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Hawthorn East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 121Port Melbourne Secondary CollegeGovernment · Secondary · Co-ed · Years 7-10 · Port Melbourne · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 122Tombolo AcademyIndependent · Special · Co-ed · Years U · Hampton · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 123Richmond High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Richmond · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 124Bindjiroo Yaluk Community SchoolGovernment · Secondary · Co-ed · Years 7-12 · Richmond · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 125Hawthorn West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Hawthorn · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 126Newmark PrimaryIndependent · Primary · Co-ed · Years Prep-6 · Williamstown · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 127St Patrick's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Murrumbeena · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 128St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Hawthorn · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 129Rossbourne SchoolIndependent · Special · Co-ed · Years 7-12 · Hawthorn · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 130Trinity Catholic SchoolCatholic · Primary · Co-ed · Years Prep-6 · Richmond · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 131Richmond West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Richmond · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 132Glenferrie Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Hawthorn · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 133Hampton East SchoolGovernment · Special · Co-ed · Years U · Hampton East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 134Ozford CollegeIndependent · Secondary · Co-ed · Years 10-12 · Melbourne · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 135Tucker Road Bentleigh Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Bentleigh · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 136Swinburne Senior Secondary CollegeGovernment · Secondary · Co-ed · Years 11-12 · Hawthorn · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 137Collingwood English Language SchoolGovernment · Special · Co-ed · Years Prep-12 · Collingwood · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 138Hester Hornbrook AcademyIndependent · Special · Co-ed · Years 10-12 · Melbourne · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 139St Agnes' SchoolCatholic · Primary · Co-ed · Years Prep-6 · Highett · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 140Bentleigh Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Bentleigh East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 141SEDA College (Victoria)Independent · Secondary · Co-ed · Years 11-12 · Camberwell · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 142Southern Autistic SchoolGovernment · Special · Co-ed · Years U · East Bentleigh · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 143Malvern Valley Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Malvern East · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 144Docklands Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Docklands · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 145St Catherine's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Moorabbin · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 146Academy of Mary ImmaculateCatholic · Secondary · Co-ed · Years 7-12 · Fitzroy · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 147Collingwood CollegeGovernment · Combined · Co-ed · Years Prep-12 · Collingwood · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 148Oakleigh GrammarIndependent · Combined · Co-ed · Years Prep-12 · Oakleigh · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank50th
- 149Ignatius Learning CentreCatholic · Secondary · Co-ed · Years 11-12 · Richmond · 3.7 kmState Rank—English—Maths—Students418Multilingual50%ICSEA Rank—
- 150Avenues EducationGovernment · Special · Moorabbin · 3.7 kmState Rank—English—Maths—Students—Multilingual—ICSEA Rank—
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
Turnover
How settled or transient the community is — and where newcomers came from.
Elwood median house price & rent
Headline price, rent, yield and time on market for Elwood — choose a property type and size below.
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Elwood property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
Houses
Units
Buying vs renting in Elwood
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Sales market velocity
Elwood against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Elwood in blue, peers in colour.
How fast — and is it getting faster?
Housing supply & months of stock
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
|---|---|---|---|---|---|---|
| Severe shortage | 1.1 | ▼ -1.3 | 8 | 85 | 7.1 | |
| Balanced | 2.7 | ▲ +0.2 | 19 | 85 | 7.1 | |
| Slightly loose | 3.4 | ▲ +1.2 | 24 | 85 | 7.1 | |
| Loose | 4.0 | ▲ +0.7 | 28 | 85 | 7.1 | |
| Loose | 5.3 | ▲ +2.6 | 38 | 85 | 7.1 | |
| Loose | 5.5 | ▲ +3.0 | 39 | 85 | 7.1 | |
| Loose | 5.6 | ▲ +4.1 | 40 | 85 | 7.1 | |
| Loose | 6.6 | ▲ +5.0 | 47 | 85 | 7.1 |
Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
|---|---|---|---|---|---|---|
| Tight | 0.4 | ▼ -0.5 | 5 | 156 | 13.0 | |
| Tight | 0.5 | ▼ -0.6 | 7 | 156 | 13.0 | |
| National typical | 0.7 | ▼ -0.3 | 9 | 156 | 13.0 | |
| Loose | 1.3 | ▲ +0.4 | 17 | 156 | 13.0 | |
| Loose | 1.5 | ▲ +0.1 | 20 | 156 | 13.0 | |
| Oversupply | 2.0 | ▲ +0.8 | 26 | 156 | 13.0 | |
| Oversupply | 2.1 | ▼ -0.1 | 27 | 156 | 13.0 | |
| Oversupply | 2.5 | ▲ +0.7 | 33 | 156 | 13.0 |
Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Elwood — Units & Houses, all bedrooms
Elwood median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Five-year summaryAs of Jun 2026, the median house sale price in Elwood fell from $1.61M (Jul 2021) to $1.40M (Jun 2026) — a 13.4% decline over five years — peaking at $2.09M between May 2021 and Apr 2022. Median house rent went from $638/wk to $888/wk (+39.2%) over the same period. For units, the median sale price fell from $511k to $369k (−27.7%), with rent up from $209/wk to $505/wk (+141.6%) over the same period.
Suburbs near Elwood: prices compared
The nearest suburbs to Elwood, ranked by distance — each lined up against Elwood on the same measures, so the differences jump out at a glance.
Suburbs like Elwood
Suburbs anywhere in VIC that behave like Elwood — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)
Elwood vs Armadale: the closest sales-market match trades at a median of $553k against Elwood's $1.16M — about 52% lower, with homes selling in 14 days versus 21 days here.
Comparable sales markets to Elwood: Armadale median house price, Hawthorn East property prices, Heidelberg property market, Hawthorn property market and Malvern East property market.
Elwood's closest rental-market twins: Hawthorn property market, Armadale median house price, Hawthorn East market trends, Heidelberg property market and Malvern East property market. Each link opens that suburb's full market report.
Frequently asked · Elwood
26 data-driven answers about Elwood's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Elwood?
#The median house price in Elwood, VIC 3184 is $1.16M as of June 2026, based on 82 sales over the past 12 months. Houses there have moved +0.5% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
What is the median unit price in Elwood?
#The median unit price in Elwood, VIC 3184 is $1.16M as of June 2026, based on 82 sales over the past 12 months. Units have moved +50.0% year-on-year and currently trade at roughly 100% of the median house price.
How much does it cost to rent in Elwood?
#The median weekly house rent in Elwood is $635 as of June 2026, drawn from 169 leases over the past 12 months. Units rent for around $635 per week. House rents have moved +50.0% year-on-year. Current vacancy pressure is shown in the supply section above.
How much is rent for a 3 bedroom house in Elwood?
#A 3 bedroom house in Elwood rents for a median $635 per week as of June 2026, drawn from 169 leases over the past 12 months. Across other house sizes: 2-bedroom $635/week, 4-bedroom $635/week. Unit rents: 1-bedroom $635/week, 2-bedroom $635/week, 3-bedroom $635/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.
What is the gross rental yield in Elwood?
#Gross rental yield in Elwood is 3.13% for houses and 3.13% for units as of June 2026, compared with the VIC unit median of 4.04%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
How much is a 3 bedroom house in Elwood?
#As of June 2026, Elwood medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $1.16M | $1.16M | $1.16M | $1.16M |
| Units | $1.16M | $1.16M | $1.16M | — | $1.16M |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
What does it cost to own versus rent at the Elwood median?
#At the median Elwood house ($1.16M purchase, $635/week rent), weekly mortgage repayments sit at roughly $1025 — about $390 more per week than renting. That gap is the ownership premium. For the median unit ($1.16M purchase, $635/week rent), repayments run about $1025 per week. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Elwood's property market trends?
#Elwood's property market trends to June 2026: house prices rose +0.5% year-on-year and units +50.0%; weekly house rents moved +50.0%; homes now sell in a median 21 days — faster than a year ago by 10; sales supply sits at 5.3 months (very loose). Read together — price, rent, selling speed and supply — they show which way the Elwood market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Elwood as an investment?
#As of June 2026 in Elwood, house prices rose +0.5% over the year, gross rental yield is 3.13% against a VIC median of 2.24%, houses take a median 21 days to sell, sales supply is 5.3 months (very loose). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
How quickly do houses sell in Elwood?
#Houses in Elwood sell in a median 21 days on market as of June 2026, with units clearing slightly similarly at 21 days. Days on market have tightened by 10 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Elwood a tight or loose property market right now?
#Elwood's sales market sits at 5.3 months of supply for houses as of June 2026 — classified as Very Loose against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 0.4 months of supply.
Have property prices in Elwood gone up or down?
#House prices in Elwood moved +0.5% over the 12 months to June 2026, while units moved +50.0%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
How active is the rental market in Elwood?
#Elwood's house rental market sits at 0.4 months of supply as of June 2026 — classified as Severe (extreme shortage), with 156 houses leased over the past 12 months. Units sit at 2.0 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Where is Elwood in its property market cycle?
#Elwood's house market is currently in the 'in_demand_easing' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year tightening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
How it compares
Vs state, vs nearby, vs popularHow does Elwood compare to other VIC suburbs?
#Elwood's median house price ($1.16M) is 153% above the VIC median ($459k) as of June 2026. On selling speed, houses clear in 21 days vs 20 days state median. On gross yield, Elwood sits at 3.13% vs 2.24% state median.
How does Elwood compare to neighbouring suburbs?
#Elwood's most-similar nearby market is Beaumaris (10.1 km away) with a median house price of $1.63M — about 41% pricier. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
What's the most popular property type in Elwood?
#The most-transacted segment in Elwood over the 12 months to June 2026 is 2 bed houses with 85 sales. 3 bed houses come second at 85 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Elwood last year?
#Elwood recorded 85 house sales and 85 unit sales over the 12 months to June 2026 — a combined 170 transactions. On the rental side, 156 houses and 156 units were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Elwood in?
#Elwood is in postcode 3184, in the Inner Melbourne region of VIC. Addresses there are written as Elwood, VIC 3184.
What is the population of Elwood?
#Elwood, VIC 3184 is home to 10,900 residents (ABS Census 2021). The median resident age is 28, and the average household holds 1.7 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Elwood?
#The median household in Elwood earns $1k per week — roughly $58k a year (ABS Census 2021). Median personal income runs $959/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Elwood?
#The unemployment rate in Elwood is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Elwood?
#Elwood is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
What schools are near Elwood?
#Elwood has 150 schools within reach, 4 of them inside the suburb itself — including Elwood College, Elwood Primary School, St Columba's School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Elwood a good place to live?
#Elwood, VIC 3184 has a population of 10,900, a median age of 28, a median household income around $1k/week, 50% of households renting (ABS Census 2021). There are 150 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
About this data
Methodology and update cadenceWhen was this Elwood market data last updated?
#This Elwood market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.