Elsternwick at a glance
Median house
$1,902,000
Median unit
$683,500
Weekly rent
$900
Houses · units $600
Gross yield
2.5%
Houses, on the median
Population
10.9k
Median age 38
Walk score
100
Walker's paradise
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025 · Population: 2021 Census
Houses change hands at $1,902,000 on a typical sale, well above the Victoria median. Units come in around $683,500, roughly 64% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $380,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Market
House prices in Elsternwick.
Median house price
$1,902,000
Median unit price $683,500.
Median · Land Victoria · the latest published quarter (updated May 2026)
Rental and ownership
Weekly rent (house)
$900/wk
Weekly rent (unit)
$600/wk
Owner occupied
59%
Renter occupied
39%
At a deeper level
$1,902,000
$683,500
10,887
Median age: 38
Rental data as of September 2025· rental-vic
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The brief
What to know about Elsternwick.
Elsternwick's median house price is $1,902,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)).
Postcode 3185 (VIC), City of Port Phillip, part of Greater Melbourne.
Elsternwick (3185) sits in the Port Phillip region of Victoria. The median house here is $1,902,000, well above the Victoria median of around $850K.
Elsternwick has roughly 10,887 residents, with a typical family-age mix. Households are a roughly even mix of owners and renters. Day-to-day life here is very walkable, with most errands manageable on foot.
Side by side
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Day to day
What it’s like to live here.
Elsternwick scores 100/100 on walkability, which makes it very walkable with workable public transport options. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 7 government primary, 1 government secondary, 4 Catholic, 8 independent.
Who lives here
Demographics.
The 2021 Census put Elsternwick's population at 10,887, with a median age of 38. That sits as a typical family-age mix. Households are a roughly even mix of owners and renters (59% own, 39% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (61% family households, 33% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
10,887
Median age
38
Family households
61%
Lone person
33%
Demographics data as of May 2026· ABS 2021 Census
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For investors
Investment overview.
Gross rental yield on houses sits at 2.46% (median rent $900/wk against a $1,902,000 price tag). Units yield 4.56% gross, often the better cash-flow play for first-time investors. With 39% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.46%
Based on $1,902,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20264.56%
Based on $683,500 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202659%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
616
total offences in 2026
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2026· State Police Open Data
Getting around
Walkability.
100
100
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Elsternwick.
Local schools for Elsternwick
View the catchment for each school to find out more.
Government School Catchment
Elsternwick Primary School
Ripponlea Primary School
Caulfield Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Elsternwick.
- What is the median house price in Elsternwick?
- The median house price in Elsternwick, VIC 3185 is $1,902,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $683,500.
- How much is my house worth in Elsternwick?
- A useful starting point is the Elsternwick median house price of $1,902,000 (units $683,500). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Elsternwick a good investment?
- On the published figures, the gross rental yield on houses in Elsternwick is 2.5%: the median weekly house rent is $900 (Victorian rental report, September 2025) against the median house price of $1,902,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for Elsternwick: the Land Victoria figures we hold do not measure one. Whether Elsternwick is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Elsternwick postcode?
- Elsternwick is in the 3185 postcode, in VIC, in the City of Port Phillip region.
- Where is Elsternwick?
- Elsternwick is a suburb of Melbourne, in VIC 3185. It is part of the Greater Melbourne area, in the City of Port Phillip region.
- What is the average rent in Elsternwick?
- The median weekly rent for houses is $900, for units it's $600.
- What schools are in Elsternwick?
- There are 20 schools serving Elsternwick on this page, including Adass Israel School, St Joseph's School, Sholem Aleichem College.
- How walkable is Elsternwick?
- Elsternwick has a Walk Score of 100 out of 100, very walkable. transit score 100, bike score 100.
- What suburbs are near Elsternwick?
- Elsternwick is close to Hopetoun Gardens, Ripponlea, Brighton Road, Gardenvale, Balaclava.
- What is the population of Elsternwick?
- The population of Elsternwick is approximately 10,887 (2021 Census). The median age is 38.
Elsternwick
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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