27/16-20 Milton Street

Elwood VIC 3184

The size of Elwood is approximately 2.6 square kilometres. It has 14 parks covering nearly 14% of total area. The population of Elwood in 2011 was 14,637 people. By 2016 the population was 15,548 showing a population growth of 6.2% in the area during that time. The predominant age group in Elwood is 30-39 years. Households in Elwood are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Elwood work in a professional occupation. In 2011, 42.4% of the homes in Elwood were owner-occupied compared with 41.9% in 2016.

Elwood has 10,224 properties. Over the last 5 years, Houses in Elwood have seen a 3.09% increase in median value, while Units have seen a -1.57% decrease. As at 30 November 2024:

• The median value for Houses in Elwood is $2,170,997 while the median value for Units is $676,878.
• Houses have a median rent of $663 while Units have a median rent of $550.