Elwood Victoria Suburb Profile: The Growth of Melbourne's Elite Neighborhood

If you're looking for a luxurious and prestigious neighborhood to call home, look no further than Elwood. Located in Melbourne's inner southeast, Elwood is one of the city's most affluent suburbs. Here, you'll find multimillion-dollar homes nestled among lush parklands and sandy beaches. The median house price in Elwood is $2,217,500, making it a popular choice for high-income earners and investors alike. In this article, we'll take a closer look at the growth of Elwood and its surrounding areas. So if you're thinking of making an investment in Elwood or simply want to learn more about this elite suburb, keep reading!

In the past 12 months, the median house price in Elwood has grown by an impressive five-point six percent. The median unit and apartment price have also seen significant growth, rising by eight point five percent. These figures are indicative of Elwood's popularity as a desirable location to live and invest.

Last month, there were 272 properties available for rent and 134 properties for sale in Elwood. The median property price ranges from $830 for houses to $712,500 for units, making Elwood an affordable option for those looking to invest.

So if you're considering making an investment in Melbourne's inner southeast, be sure to put Elwood on your list! With its luxurious homes, prime location, and strong growth prospects, Elwood is sure to offer you a profitable return on your investment. Contact our Elwood office today to learn more about Elwood's current property market. We would be happy to answer any of your questions and help you find the perfect Elwood property for your needs.

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