FairSquare analyses every Australian suburb for property investors — score, yield, risk and a full investment verdict.
FairSquare's model rates Elwood, Victoria 6.7 out of 10 (Workhorse Investment) as of May 2026.
Capitalizing on its inner-city location just 8km from the CBD, Elwood offers a workhorse investment with strong underlying demand. Its critically low 1.1% vacancy rate and restricted supply ensure consistent rental income and robust capital growth prospects, evidenced by 7% appreciation over the last year.
The median price is derived, not estimated. Every number on this page traces back to the model's proprietary yield surface — calibrated for each part of the country and resolved against distance from CBD. The price falls out of the formula.
Inputs for this suburb sit at the top of our calibration tier. The model is not guessing.
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Unlock 9 signals — A$25 →FairSquare's model rates Elwood, Victoria 6.7 out of 10 (Workhorse Investment) as of May 2026. Capitalizing on its inner-city location just 8km from the CBD, Elwood offers a workhorse investment with strong underlying demand. Its critically low 1.1% vacancy rate and restricted supply ensure consistent rental income and robust capital growth prospects, evidenced by 7% appreciation over the last year.
The median house price in Elwood, VIC is $2.43M. Weekly rent of $1120 against a 2.4% gross yield underpins this figure.
Elwood has a gross rental yield of 2.4%, with a median weekly rent of $1120. 12-month price growth is tracking at +7.0%.
Based on its market signals, Elwood aligns with: Defensive Hold.