AREA REPORTS

Elwood

Suburb Profile

Elwood - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3184

house
unit

Property investors enjoyed capital gains of 25.15% over the last 12 months in ELWOOD, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 7.3% growth over a ten-year period. It ranks 856th on our list of suburbs that property investors should look into.

ELWOOD, 3184 has a capital gain of 25.15% for the past year, which is higher than average compared to its 62.65% growth within a five-year period.

With the median home price in ELWOOD sitting at $2,090,000, and the average rent at $790, property owners could potentially earn a 1.97% increase in gross rental yield.

A 25.15% increase in median property prices in ELWOOD, 3184 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 40th.

Figures from the previous quarter show that capital gains for real estate buyers in ELWOOD are high, as opposed to average gains per annum over the past five years.

ELWOOD, 3184 in VIC belongs to the local government area of Port Phillip.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,090,000 $635,250
GROWTH REPORT
Median Quarterly 12.67% -1.59%
Median 12 month 25.15% 2.46%
Median 3 years 45.9% 7.22%
Median 5 years 62.65% 17.64%
10 years average annual 7.3% 3.42%
Weekly media advert. rent $790 $430
Time on Market 69.6 days 56.0 days
Gross Rental Yield Percent 1.97% 3.52%
demographics (median values)
Total Population
13782
Weekly Household Income
1217
Household Size
1.90
demographics
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