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Investment Property Elwood, VIC, 3184

Suburb Snapshot

Elwood is a suburb in the Port Phillip Region of Victoria. Elwood has a population of 15,550 people and 45.05% of its occupants live in rental accommodation. The median listing price for houses is $2,250,000 and this has changed 1.12% over the past year and changed 2.27% over 2 years.

The median rent in Elwood for houses is $990 per week and the median rental yield is 2.28%. Stock on the market for houses/townhouses has changed 28.85% compared to last year and the average time to sell a house/townhouse is 87 days.The median listing price for units is $630,000 and this has changed 0.80% over the past year. The average unit takes 59 days to sell and the median rent for a unit in Elwood is $520 per week, producing a rental yield of 4.29%.

Supply & Demand in Elwood, Port Phillip

1.33%

Current vacancy rate


126

Rental stock available


15,550

Population


45.05%

Rental population


1.64%

Current vacancy rate


874

Rental stock available


100,866

Population


43.19%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Elwood, Port Phillip

  House Townhouses Units
Median listing price $2,250,000 $1,625,000 $630,000
Median price change - last quarter 0.00% -4.48% -0.39%
Median price change - 1 year 1.12% 4.83% 0.80%
Median price change - 2 years 2.27% 6.55% 1.61%
  House Townhouses Units
Median weekly rent $990 $950 $520
Median yield % 2.28% 3.04% 4.29%
Median rent change - 1 year 5.31% 5.55% 5.05%
  House Units
Previous month sales 12 23
Stock on market previous month 67 107
Stock variance vs. last year 28.85% -5.31%
Average days on market 87 59

Elwood investment property listings

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