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

	UNIT 1, 8A DICKENS ST, ELWOOD, VIC, 3184	2	1	1	$1,100,000 - $1,200,000
	UNIT 12, 82 DICKENS ST, ELWOOD, VIC, 3184	2	1	1	$580,000 - $620,000
	UNIT 31, 169 ORMOND RD, ELWOOD, VIC, 3184	1	1		OFFERS: $400K - $440K
	STRATA UNIT 5, 112 TENNYSON ST, ELWOOD, VIC, 3184	2	1	1	$609,000
	UNIT 17, 24 TENNYSON ST, ELWOOD, VIC, 3184	1	1		$290,000 - $310,000
	UNIT 1, 74 DICKENS ST, ELWOOD, VIC, 3184	12	6	4	$4,600,000 - $5,000,000
	UNIT 7, 15 DICKENS ST, ELWOOD, VIC, 3184	2	1	1	Auction: $740,000 - $800,000
	STRATA UNIT 3, 26 TENNYSON ST, ELWOOD, VIC, 3184	2	1	1	Auction: $700,000 - $750,000
	71 BYRON ST, ELWOOD, VIC, 3184	2	1	1	Auction
	UNIT 2, 145-147 ORMOND RD, ELWOOD, VIC, 3184	1	1	1	Private Sale : $470,000 - $500,000
	STRATA UNIT 11, 53A TENNYSON ST, ELWOOD, VIC, 3184	1	1	1	Offers: $395,000 - $425,000
	UNIT 12, 18 SCOTT ST, ELWOOD, VIC, 3184	1	1	1	$350,000 - $380,000
	UNIT 9, 4 DICKENS ST, ELWOOD, VIC, 3184	1	1	1	Private Sale: $365,000
	UNIT 3, 3 MEREDITH ST, ELWOOD, VIC, 3184	2	1	1	$1,200,000 - $1,300,000
	STRATA UNIT 10, 94 TENNYSON ST, ELWOOD, VIC, 3184	2	1	1	Under Contract
	UNIT 19, 5 DICKENS ST, ELWOOD, VIC, 3184	2	1	2	690000
	UNIT 2, 45 SHELLEY ST, ELWOOD, VIC, 3184	1	1	1	460000
	UNIT 3, 56 MARINE PDE, ELWOOD, VIC, 3184	3	2	2	2200000
	UNIT 3, 30A ORMOND RD, ELWOOD, VIC, 3184	2	2	1	1350000
	UNIT 3, 6 BROADWAY, ELWOOD, VIC, 3184	2	2	1	Contact agent for details

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