5/26 Prahran Grove

Elsternwick VIC 3185

The size of Elsternwick is approximately 2.6 square kilometres. It has 4 parks covering nearly 3.6% of total area. The population of Elsternwick in 2011 was 9,774 people. By 2016 the population was 10,326 showing a population growth of 5.6% in the area during that time. The predominant age group in Elsternwick is 30-39 years. Households in Elsternwick are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Elsternwick work in a professional occupation. In 2011, 63.1% of the homes in Elsternwick were owner-occupied compared with 61.1% in 2016.

Elsternwick has 6,809 properties. Over the last 5 years, Houses in Elsternwick have seen a 5.72% increase in median value, while Units have seen a -7.50% decrease. As at 30 September 2024:

• The median value for Houses in Elsternwick is $2,106,765 while the median value for Units is $659,804.
• Houses have a median rent of $865 while Units have a median rent of $550.