Elwood

SA2

Greater Melbourne / Port Phillip

 
 
 
 
 
 
 
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Statistical Area (SA2) Boundary Analysis

This analysis uses ABS Statistical Areas Level 2 (SA2) boundaries, which can materially differ from Suburbs and Localities (SAL) even when sharing similar names.

SA2 boundaries are defined by the Australian Bureau of Statistics and are designed to represent communities for statistical reporting (e.g., census and ERP).

Suburbs and Localities (SAL) represent commonly-used suburb/locality names (postal-style areas) and may use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.

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Sales ActivityProperty Sales Trends in Elwood

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DemographicsPopulation Growth in Elwood

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Elwood has an estimated 16,057 residents, up from 14,818 at the 2021 Census — a change of 1,239 people, or 8.4%. Overseas migration accounts for 80.4% of that increase. That puts 6,297 residents on each square kilometre. Population is estimated from ABS Estimated Resident Population releases and GNAF address data, re-based from the 2021 Census and updated annually.

Detail

According to the analysis by AreaSearch, Elwood has a population of approximately 16,057 as of May 2026. This represents a growth of 1,239 people (8.4%) from the 2021 Census, which recorded 14,818 people. This shift is calculated using the ABS estimated resident population of 16,056 in June 2025 and 96 validated new addresses registered since the Census. Such population numbers result in a density of 6,296 persons per square kilometer, placing the suburb in the top 10% of all Australian locations analyzed, indicating that local land is a highly coveted asset.

The 8.4% expansion rate since the census is within 0.9 percentage points of the state average (9.3%), showcasing strong growth dynamics. Population gains were primarily fueled by overseas migration, which accounted for roughly 80.4% of the overall growth in recent times. Projections from the ABS and Geoscience Australia released in 2024 with a 2022 baseline are utilized for SA2 regions. For areas where this data is unavailable, projections are sourced from the 2023 VIC State Government Regional/LGA releases, adjusted using a weighted aggregation method to translate LGA population growth to the SA2 level. The age group growth rates from these aggregations are applied to all locations for the period from 2032 to 2041. Looking at future demographic trends, population growth is projected to exceed the national median, with the suburb expected to grow by 3,217 persons by 2041 relative to the latest annual ERP statistics, representing a total increase of 20.0% over the 16 years.

Frequently Asked Questions - Population

What is the latest population estimate for the Elwood SA2?
Total population for the Elwood SA2 was estimated to be approximately 16,057 as at May 26. This is based upon an estimated resident population of 16,056 from the ABS up to June 2025.
How has the population in the Elwood SA2 changed since 2021?
The elwood sa2 has added approximately 1,239 people and shown a 8.36% increase from the 14,818 people recorded at the 2021 Census period.
What is the population density in the Elwood SA2?
The population density in the Elwood SA2 is estimated at 6,296 persons per square kilometer based on the latest population estimate.
How much has the population grown over the past 10 years in the Elwood SA2?
Over the past 10 years, the population in the Elwood SA2 has shown a compound annual growth rate of -0.1% per annum.
What are the main drivers of population growth in the Elwood SA2?
Population growth in the Elwood SA2 is driven by: Overseas migration (80.4%), Natural increase (19.6%), Interstate migration (0.0%). The primary driver is Overseas migration, contributing 80.4% of overall population gains.

Residential SupplyHousing Development & Building Approvals in Elwood

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176 new dwellings have been approved in Elwood over the past five years, an average of 35 a year. That is 2.3 approvals per 1,000 residents. Of the 22 dwellings approved in the latest reporting year, 32% were detached houses and the rest townhouses or apartments. Approvals are currently running at an annualised 13, well below that longer-run average. Figures come from ABS building approvals aggregated to this SA2 boundary and are updated monthly as the ABS releases them.

Detail

The suburb averages approximately 35 residential building approvals per year, with a total of 176 dwellings approved over the last 5 financial years. In FY-26, there have been 12 approvals registered so far. An average of 0.7 residents moved to the suburb for each new home built during the 5 financial years spanning FY-21 to FY-25, which indicates that new construction is meeting or outstripping demand, providing buyers with plenty of options and enabling population growth beyond current projections. New dwellings carry an average construction value of $618,000, showing a focus by developers on high-end properties for the premium market.

Furthermore, commercial approvals stand at $7.8 million for this financial year, pointing to a quiet commercial development sector. In comparison to Greater Melbourne, new construction activity in Elwood is considerably subdued, running 80.0% below the regional average per capita. This low rate of new supply generally supports demand and values for established properties. This volume is also lower than the national average, reflecting a mature market and highlighting potential constraints on development. The mix of new construction consists of 32.0% detached houses and 68.0% medium and high-density dwellings. This concentration of higher-density options offers affordable entry points and draws first-home buyers, investors, and downsizers. Notably, developers are building a higher share of traditional houses than the historical distribution indicates (14.0% at the Census), demonstrating that family homes remain highly sought after despite density trends. With a ratio of approximately 715 people per approved dwelling, the suburb represents a highly established housing market. Looking forward, Elwood is projected to add 3,216 residents by 2041 based on the most recent quarterly estimate from AreaSearch. With current rates of construction, housing delivery may struggle to keep pace with this population increase, which could intensify competition among buyers and support upward price pressure.

Frequently Asked Questions - Development

How many dwelling approvals have occurred in the Elwood SA2 recently?
Dwelling approval activity in the the Elwood SA2 area has seen 45 residential approvals over the past two financial years, based on AreaSearch's SA2 aggregation method. The Elwood SA2's current population of 16,057 has been supported by 35 approvals on average over recent years.
How does the Elwood SA2's development activity compare to the broader region?
The Elwood SA2 has seen 0.23 approvals per 100 people in recent years, compared to 0.9 approvals in the broader region. This means that one dwelling has been approved for every 715 people in the Elwood SA2, compared to one for every 125 in the broader region.
Is the Elwood SA2 keeping up with housing demand?
With the population expected to increase by 3,216 people by 2041, around 1,608 new dwellings will be necessary. Recent approval levels may be insufficient to meet these forecasts, considering the census average of 2.0 persons per dwelling. This indicates potential housing shortages if current approval trends continue.
What has been the trend in development approvals over the past five years in the Elwood SA2?
Looking at development activity over the past five years, the Elwood SA2's approval levels have been significantly below the yearly average of 35, showing a notable downturn in recent development.
How many dwellings will be needed to accommodate future population growth in the Elwood SA2?
The population in the Elwood SA2 is expected to grow by 3,216 people by 2041, necessitating approximately 1,608 new dwellings. This calculation is based on the current census average of 2.0 persons per dwelling in the area.
How does recent development compare to population growth in the Elwood SA2?
Over the past five years, the population in the Elwood SA2 has grown by approximately 2,714 people, while 176 residential approvals were recorded. This equates to a ratio of 15.4 people added for each new dwelling approval. This high ratio suggests strong population growth relative to housing supply, potentially indicating unmet housing demand.
Are there opportunities for residential developers in the Elwood SA2?
With dwelling approval activity running at an average of 35 approvals per year and a population of 16,057, there appears to be a supply shortfall relative to projected demand, presenting strong opportunities for residential developers. With the population expected to increase by 3,216 people by 2041, around 1,608 new dwellings will be necessary. Current approval trends may be insufficient to meet forecast demand, indicating strong development opportunities.
Approvals Pipeline Development applications near Elwood

Development applications around Elwood

Development approvals is a new addition to AreaSearch. We’re actively expanding council coverage and refining the dataset — details and statuses for some councils may be partial. Check back regularly for the latest pipeline.
Application search is not available in Victoria. AreaSearch holds 26 applications for Elwood, but they are a record of past activity rather than a current register. Victoria has no state-wide planning portal and its council coverage is uneven, so we have switched the search off here rather than return partial answers. We are currently investigating a solution. No credits are charged for Victorian applications, and building approvals from the ABS and the major projects we track are unaffected.

SOURCE: Planning portals and council registers, compiled by AreaSearch. Distance & bearing measured from the suburb midpoint.

Project PipelineInfrastructure & Major Projects in Elwood

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AreaSearch tracks 3 current infrastructure and development projects inside Elwood, worth an estimated $135 million. A further 175 sit in the immediately surrounding suburbs, taking the tracked pipeline within reach of the area to $21 billion. 61 are already under construction and 67 are due for completion within three years. The pipeline spans residential development, communities, precincts & urban renewal and communities. Records are compiled from Infrastructure Australia, state agencies, council planning portals and public announcements, reviewed and updated daily, then ranked by proximity, construction stage, completion horizon and project scale.

Detail

Local infrastructure projects, planning schemes, and development policies significantly shape the growth and performance of an area. AreaSearch has identified a total of 10 key projects expected to influence the local area. Notable initiatives include the Elwood Main Drain Duplication Project, the Elwood Foreshore Precinct Masterplan, the Coles Carlisle Street Precinct Development, and the Tiuna Grove Heritage Precinct, with details provided for the most significant developments.

Professional plan users can use the search below to filter and access additional projects.

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Frequently Asked Questions - Infrastructure

What are some of the major infrastructure and planning changes likely to influence the Elwood SA2?
Key infrastructure and planning changes likely to influence the Elwood SA2 include: Elwood Main Drain Duplication Project (Construction); Elwood Foreshore Precinct Masterplan (Planning); Coles Carlisle Street Precinct Development (Planning); Tiuna Grove Heritage Precinct (Approved); and Small Parks Program - Balaclava/St Kilda East (Construction). These projects represent significant developments that will shape the area's future infrastructure landscape.
What types of infrastructure projects are impacting the Elwood SA2?
Infrastructure development impacting the Elwood SA2 spans multiple sectors including Communities, Precincts & Urban Renewal, Residential Development, and Sports & Recreation, among others.
What is the scale of infrastructure investment impacting the Elwood SA2?
Infrastructure investment analysis indicates significant investment of approximately $660 million in infrastructure projects affecting the region, with a notable concentration of investment within the immediate the Elwood SA2 vicinity.
How does the Elwood SA2's infrastructure development compare to other areas?
With an infrastructure score in the top 30%, the Elwood SA2 demonstrates above-average development activity compared to national benchmarks.
Elwood Main Drain Duplication Project
Category: Environmental & Disaster Management
Stage: Construction | Est. Comp: 2028
Source / Links: Link 1   Link 2  

This critical 660m flood mitigation project involves duplicating the existing Elwood Main Drain using dual 4.2m x 2.1m pre-cast concrete culverts. The initiative aims to significantly reduce flood risk for over 500 properties within the Elster Creek catchment. Key components include a new drain inlet at Elsternwick Park, a diversion structure in Elster Creek, and a new beach outlet that involves doubling the width of the Elwood Pier. As of April 2026, utility service relocations and site investigations have commenced, with main construction activity scheduled to begin in mid-2026.

Environmental & Disaster Management

Elwood Foreshore Precinct Masterplan
Category: Communities, Precincts & Urban Renewal
Stage: Planning | Est. Comp: 2030
Source / Links: Link 1   Link 2  

A comprehensive strategic framework by the City of Port Phillip to revitalize the Elwood foreshore. Key components include the redevelopment of the Elwood Life Saving Club, climate adaptation measures, and integration with Melbourne Waters Elwood Main Drain Duplication. The plan focuses on enhancing public amenities, environmental protection, and coastal resilience against rising sea levels.

Communities, Precincts & Urban Renewal

Elsternwick Gardens (Former ABC Studios)
Category: Residential Development
Stage: Construction | Est. Comp: 2027
Source / Links: Link 1   Link 2  

Redevelopment of the former ABC Studios site into the Elsternwick Gardens mixed-use neighbourhood by Milieu and Besen. The approved project comprises six residential buildings with up to 180 apartments following a 2025 amendment, food and drink premises, extensive landscaped gardens, public open space, retention and relocation of the historic broadcast tower, and direct integration with the neighbouring Rippon Lea Estate.

Residential Development

St Kilda Pier Foreshore Upgrade
Category: Tourism
Stage: Construction | Est. Comp: 2026
Source / Links: Link 1   Link 2  

City of Port Phillip foreshore works extending the St Kilda Pier landside entrance to Jacka Boulevard to create a new visitor arrival space and improve links between the pier, promenade, Catani Gardens, Bay Trail and nearby attractions. Works include a paved plaza, new planting and seating nooks, additional green space, upgraded car park entry and exit, wayfinding, public lighting, stormwater drainage, Bay Trail safety improvements, tour bus drop-off and pick-up facilities, and preparation for kiosk removal.Construction has commenced, Sea Baths car park entry works are complete, and further Jacka Boulevard foreshore works are continuing.

Tourism

Small Parks Program - Balaclava/St Kilda East
Category: Sports & Recreation
Stage: Construction | Est. Comp: 2028
Source / Links: Link 1   Link 2  

City of Port Phillip's Small Parks Program is delivering and expanding a series of pocket parks across Balaclava and St Kilda East to address one of Melbourne's lowest levels of public open space. Individual sites are progressing through staged design and construction, with Lansdowne Road under construction during 2026 and other locations at varying delivery stages.

Sports & Recreation

Tiuna Grove Heritage Precinct
Category: Communities, Precincts & Urban Renewal
Stage: Approved | Est. Comp: 0
Source / Links: Link 1   

Heritage protection measures for significant Elwood residential precinct through Planning Scheme Amendment. Preserves architectural character and historical significance of this important residential area with new heritage controls and design guidelines.

Communities, Precincts & Urban Renewal

Metro Tunnel Network Upgrades - Sandringham, Werribee and Williamstown Cross-City Service
Category: Transport & Logistics
Stage: Construction | Est. Comp: 2026
Source / Links: Link 1   Link 2  

Rail network upgrade works associated with the Metro Tunnel program and the 2026 timetable changes. The Metro Tunnel is open and major construction of the five new stations and tunnels is complete, while some rail works and disruptions continue. The Werribee, Laverton and Williamstown lines now start and end at Flinders Street under the new timetable, and later in 2026 are planned to connect with the Sandringham Line to form a new cross-city service. The broader program frees capacity in the City Loop and supports more frequent services across Melbourne's rail network.

Transport & Logistics

14 Alma Road Mixed-Use Development
Category: Communities, Precincts & Urban Renewal
Stage: Construction | Est. Comp: 2028
Source / Links: Link 1   Link 2  

A 15-storey mixed-use high-rise development featuring 94 residences, including one and two-bedroom apartments. The project includes ground-floor retail and food premises, three levels of basement parking for 78 vehicles, and a communal rooftop garden with organic waste facilities.

Communities, Precincts & Urban Renewal

Jobs & IndustryEmployment Trends in Elwood

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11,290 residents of Elwood are employed, from a labour force of 11,755. Unemployment sits at 4.0%, with participation at 81.8%. Weighted for its industry mix, the area's sectors are forecast to grow about 7.2% nationally over five years. That reflects industry composition only and makes no allowance for local population growth. The working-day population is estimated at 11,654, about 73% of the resident population, so more people leave the area for work than travel in. Unemployment and labour force come from ABS Small Area Labour Markets, updated quarterly; the industry and occupation profile is from the 2021 Census.

Detail

The suburb is characterized by a highly qualified resident workforce, with strong representation in the technology industry, an unemployment rate of 4.0%, and estimated employment growth of 3.6% over the past year. In March 2026, there were 11,290 employed residents, with an unemployment rate 0.8% below the Greater Melbourne figure of 4.8%. The labor force participation rate is exceptionally high at 81.8% compared to 70.2% across Greater Melbourne. Census data indicates that 50.5% of workers operated from home, though this figure may reflect the influence of COVID-19 restrictions. The primary sectors employing local residents are professional & technical services, health care & social assistance, and education & training.

The suburb exhibits a strong concentration in professional & technical services, with its employment share reaching 1.6 times the regional average. Conversely, manufacturing is underrepresented, employing 4.0% of the workforce compared to the metropolitan average of 7.2%. The area is predominantly residential and provides limited local employment opportunities, as shown by the relationship between the Census working population and resident workforce counts. According to AreaSearch's evaluation of SALM and ABS statistics, employment rose by 3.6% and the labor force grew by 3.7% in the 12 months leading to March 2026, leading to a 0.1 percentage point increase in unemployment. In comparison, Greater Melbourne experienced employment growth of 2.1% and labor force growth of 2.3%, while its unemployment rate rose by 0.2 percentage points. National employment projections from May-25 by Jobs and Skills Australia provide further context regarding future local demand. These five and ten-year projections have been applied to the local industry profile to estimate future trends. Nationally, employment is projected to grow by 6.6% over five years and 13.7% over ten years, though rates vary significantly by sector. Applying these sector-specific forecasts to the local employment structure indicates that employment among residents could grow by 7.2% over five years and 14.5% over ten years, representing a basic weighted extrapolation for comparison that does not incorporate local population forecasts.

Frequently Asked Questions - Employment

What is the employment situation in the Elwood SA2?
As of March 2026, the Elwood SA2 has approximately 11,290 employed residents with an unemployment rate of 4.0%. This healthy unemployment rate suggests a well-functioning labour market. Employment performance is above the national median, showing positive labour market dynamics.
How does the Elwood SA2's unemployment rate compare to the broader region?
As of March 2026, the unemployment rate in the Elwood SA2 stands at 4.0%, which is 0.8 percentage points below Greater Melbourne's rate of 4.8%. This lower unemployment rate suggests stronger local employment conditions. For comparison, the national unemployment rate is 4.2%.
What are the major employment sectors in the Elwood SA2?
The employment landscape in the Elwood SA2 is dominated by several key sectors. The largest employers are professional & technical (16.0% of employment), health care & social assistance (13.8%), and education & training (10.4%). Other significant employers include retail trade and construction.
How has employment changed recently in the Elwood SA2?
Over the past year to March 2026, the Elwood SA2 has experienced employment growth, with total employment increasing while the labour force increased. As a result, the unemployment rate has rise. By comparison, Greater Melbourne saw employment increased and its unemployment rate rose.
What is the workforce participation rate in the Elwood SA2?
The workforce participation rate in the Elwood SA2 is 81.8%, which represents the proportion of working-age residents who are either employed or actively seeking work. This high participation rate indicates strong workforce engagement and economic vitality. The local rate leading the Greater Melbourne average of 70.2%, indicating stronger workforce attachment in the local area.
Which industries are over-represented in the Elwood SA2's employment market?
The elwood sa2 shows notable specialization in professional & technical, which employs 16.0% of the local workforce compared to 10.1% regionally. This concentration suggests the area has developed competitive advantages in this sector.
What are the employment growth prospects for the Elwood SA2?
Based on Jobs and Skills Australia projections applied to the Elwood SA2's industry mix, employment is expected to grow by 7.2% over the next five years and 14.5% over ten years. This exceeds the national forecast of 6.6% over five years, suggesting the area's industry composition is well-positioned for future growth. Steady growth is anticipated across multiple sectors, providing diverse employment opportunities.
How does the job market in the Elwood SA2 compare nationally?
The elwood sa2's employment market shows above-average performance nationally, placing in the top half of areas assessed. Employment indicators suggest healthy labour market conditions relative to other regions. Recent job advertisement trends show the broader employment region saw a 8.9% decline, ranking 34.0th out of 37 regions nationally.
What employment opportunities exist for skilled workers in the Elwood SA2?
Skilled workers will find excellent opportunities in the Elwood SA2, with knowledge-intensive sectors comprising 49.4% of local employment. Key sectors for skilled workers include professional & technical (16.0%), health care & social assistance (13.8%), and education & training (10.4%). With projected employment growth of 7.2% over five years, demand for skilled workers is expected to remain strong.

EarningsHousehold Income in Elwood

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Median household income in Elwood is $2,093 a week (about $109,000 a year), with median personal income at $1,363 a week. ATO records put median taxable income at $73,958 a year against an average of $104,213. The average runs 41% above the median, a wider spread than most areas and a sign of a concentrated group of high earners. Household income is from the 2021 Census; taxable income is from ATO Taxation Statistics for the latest financial year available, indexed forward using the ABS Wage Price Index.

Detail

According to the latest ATO postcode data for the 2023 financial year, the median taxpayer income in Elwood is $73,958, with an average income of $104,213. These figures are exceptionally high on a national scale and compare to a median of $57,688 and an average of $75,164 in Greater Melbourne. Adjusting for a Wage Price Index increase of 9.62% since the 2023 financial year, current estimated values would be approximately $81,073 for the median and $114,238 for the average as of March 2026. The 2021 Census data indicates that individual weekly earnings are in the 96th percentile nationally at $1,363.

The largest income group comprises 32.3% of taxpayers earning between $1,500 and $2,999 per week (5,186 residents), which aligns closely with the metropolitan average of 32.8% in this category. The high proportion of top-bracket earners, with 33.4% receiving more than $3,000 weekly, indicates strong financial capacity in the community. Residents dedicate 17.1% of their income to high housing costs, yet strong earnings keep disposable income in the 69th percentile, and the SEIFA index ranks the area in the 9th decile for income.

Frequently Asked Questions - Income

What is the median taxable income in the Elwood SA2?
Based on Wage Price Index adjustments to March 2026, the estimated median taxable income in the Elwood SA2 is approximately $81,073. The official ATO data from FY-23 recorded a median of $73,958.
What is the average taxable income in the Elwood SA2?
Based on Wage Price Index adjustments to March 2026, the estimated average taxable income in the Elwood SA2 is approximately $114,238. The official ATO data from FY-23 recorded an average of $104,213.
How does the median taxable income in the Elwood SA2 compare to the region?
Based on Wage Price Index adjustments to March 2026, the estimated median taxable income in the Elwood SA2 is approximately $81,073 compared to $63,238 in Greater Melbourne. The official ATO data from FY-23 shows $73,958 and $57,688 respectively.
How does the average taxable income in the Elwood SA2 compare to the region?
Based on Wage Price Index adjustments to March 2026, the estimated average taxable income in the Elwood SA2 is approximately $114,238 compared to $82,395 in Greater Melbourne. The official ATO data from FY-23 shows $104,213 and $75,164 respectively.
What are the main income cohorts in the Elwood SA2 according to the 2021 Census?
As per the 2021 Census, the income bracket containing the largest proportion (~32.3% / 5,186 persons) of the Elwood SA2's population is the $1,500 - 2,999 cohort.
How do the main income cohorts in the Elwood SA2 compare to the region?
The largest income cohort in the Elwood SA2 is the $1,500 - 2,999 group, representing about 32.3% of the population. In comparison, Greater Melbourne's largest income cohort is the $1,500 - 2,999 group, representing 32.8% of its population, according to the 2021 Census.
What is the median household income in the Elwood SA2 according to the 2021 Census?
The 2021 Census data indicates that the median household income in the Elwood SA2 is $2,093/wk.
What is the median family income in the Elwood SA2 according to the 2021 Census?
According to the 2021 Census, the median family income in the Elwood SA2 is $3,210/wk.
What is the median personal income in the Elwood SA2 according to the 2021 Census?
The 2021 Census shows that the median personal income in the Elwood SA2 is $1,363/wk.
How does the Elwood SA2's income rank nationally?
As per AreaSearch's latest postcode level ATO data released for FY-23, the Elwood SA2's median income among taxpayers is $73,958, with an average of $104,213. This is among the top percentile nationally, and compares to Greater Melbourne's median of $57,688 and average of $75,164. Based on Wage Price Index growth of 9.62% since FY-23, current estimates would be approximately $81,073 (median) and $114,238 (average) as of March 2026.
What is the disposable income in the Elwood SA2?
The estimated disposable income in the Elwood SA2 is $7,518 per year according to AreaSearch analysis.
How does the Elwood SA2's disposable income compare to the region?
The elwood sa2's disposable income is $7,518 compared to $6,948 for Greater Melbourne, based on AreaSearch analysis.

Housing StockHousing & Dwellings in Elwood

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Elwood had 7,104 occupied dwellings at the 2021 Census, 14% detached houses and 72% apartments. 27% are owned with a mortgage, 52% rented and 21% owned outright. At that Census the median rent was $415 a week and the median mortgage repayment $2,300 a month, a total housing cost higher than 84% of areas nationally. Rent absorbs 19.8% of household income here and mortgage repayments 25.4%. Dwelling stock, tenure and housing costs are 2021 Census measures — the only source that counts dwellings at this boundary size.

Detail

According to the latest Census, the housing stock in Elwood consisted of 14.3% separate houses and 85.7% other dwelling types, including semi-detached properties, apartments, and alternative structures, compared to 67.9% houses and 32.1% other dwellings across metropolitan Melbourne. The home ownership rate in the suburb was lower than the metropolitan Melbourne level, standing at 21.2%, with the remaining properties occupied by residents with a mortgage (26.7%) or tenants renting their homes (52.1%). The median monthly mortgage payment was $2,300, which is considerably higher than the Melbourne metropolitan average of $2,000, while the median weekly rent was recorded at $415 compared to the metropolitan average of $390.

On a national level, mortgage payments in the area are higher than the Australian median of $1,863, and rents are also higher than the national median of $375.

Frequently Asked Questions - Housing

What percentage of homes are owned vs rented in the Elwood SA2?
In the Elwood SA2, 21.2% of homes are owned outright, 26.7% are owned with a mortgage, and 52.1% are rented.
What percentage of dwellings in the Elwood SA2 are houses?
According to the latest data, 14.3% of dwellings in the Elwood SA2 are houses.
What percentage of dwellings in the Elwood SA2 are apartments or units?
In the Elwood SA2, 71.9% of dwellings are apartments or units, with an additional 13.8% being semi-detached dwellings.
What is the level of outright home ownership in the Elwood SA2?
Outright home ownership in the Elwood SA2 stands at 21.2%, compared to 30.7% in Greater Melbourne.
What is the median monthly mortgage repayment in the Elwood SA2?
The median monthly mortgage repayment in the Elwood SA2 is $2,300, compared to $2,000 in Greater Melbourne.
What is the median weekly rent in the Elwood SA2?
The median weekly rent in the Elwood SA2 is $415, compared to $390 in Greater Melbourne.
What is the distribution of rental prices in the Elwood SA2?
In the Elwood SA2, 2.1% of rentals are $0-149/week, 26.2% are $150-349/week, 58.8% are $350-649/week, 9.8% are $650-949/week, and 3.2% are $950+/week.
What is the average monthly housing cost in the Elwood SA2?
The aggregate monthly housing cost in the Elwood SA2 is $1,551, which represents the average monthly cost across all housing types.
What percentage of income do residents spend on housing in the Elwood SA2?
In the Elwood SA2, households with mortgages typically spend 25.4% of their income on mortgage repayments, while renters spend 19.8% of their income on rent.
How crowded are homes in the Elwood SA2?
The average persons per bedroom ratio in the Elwood SA2 is 0.9, indicating the level of household density.
How does housing affordability in the Elwood SA2 compare to the region?
Housing affordability in the Elwood SA2 shows mortgage holders spending 25.4% of income on repayments (vs 24.3% regionally), while renters spend 19.8% of income on rent (vs 20.5% regionally).
What types of dwellings are most common in the Elwood SA2?
The dwelling mix in the Elwood SA2 consists of 14.3% detached houses, 13.8% semi-detached dwellings, 71.9% apartments, and 0.0% other dwelling types.
What is the weighted average housing cost based on tenure mix in the Elwood SA2?
Based on the area's tenure composition, the weighted average monthly housing cost is approximately $1,550. This accounts for outright owners paying no housing costs, mortgage holders paying $2,300/month, and renters paying $1,797/month.
How affordable is housing in the Elwood SA2 relative to local incomes?
Housing in Elwood consumes approximately 17.1% of median household income ($9,063 monthly), indicating costs are highly affordable. The generally accepted benchmark is that housing should not exceed 30% of household income.
How do proposed developments compare to existing housing types in the Elwood SA2?
Recent development applications in Elwood show attached dwellings contributing 55% of approvals compared to 86% of existing stock, while detached houses represent 45% of applications versus 14% of current dwellings. This suggests development patterns consistent with existing housing mix. This area is seeing substantial increases in dwelling density compared to most Australian locations.

HouseholdsHousehold Composition in Elwood

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Elwood counted 7,104 households at the 2021 Census, an estimated 7,698 today, averaging 1.9 people each. 18% are couples with children, fewer than in 91% of areas nationally, against 24% couples without children. 44% of households are people living alone, and families average 0.8 children. Household and family composition is measured only by the Census, so these are 2021 figures.

Detail

Families make up 49.2% of all households, consisting of 17.9% couples with children, 23.6% couples without children, and 6.6% single parents. Non-family households represent the remaining 50.8% of the total, with single-person households accounting for 44.2% and group shared households making up 6.7%. The median household size is 1.9 people, which is smaller than the Greater Melbourne average of 2.6.

Frequently Asked Questions - Households

How many households are in the Elwood SA2?
As of the 2021 Census, the Elwood SA2 had 7,104 households. Based on population growth patterns, this has grown by approximately 8.4% to an estimated 7,698 households today.
What is the typical household size?
The median household size in the Elwood SA2 is 1.9 people. This compares to 2.6 in Greater Melbourne and reflects the area's household composition mix.
What types of households are most common?
Family households dominate at 49.2% of all households. The remaining households consist of lone person households (44.2%), group households (6.7%), and other household types (0.0%).
How are families structured in the area?
Among the 3,495 family households, 17.9% are couples with children, 23.6% are couples without children at home, and 6.6% are single parent families. This mix shapes local demand for schools, family services, and housing types.
How does the Elwood SA2 compare to regional household patterns?
Compared to Greater Melbourne, the Elwood SA2 shows distinct household patterns. Lone person households are notably over-represented at 44.2% (versus 24.8% regionally). Conversely, family households are under-represented at 49.2% compared to the regional 70.9%. This higher proportion of single-person households drives demand for smaller dwellings and different community services.
What is the average family size?
Families in the Elwood SA2 have an average of 0.8 children, slightly below the Greater Melbourne average of 1.4. This influences local demand for child-related services and larger family homes.
What are the marriage patterns in the Elwood SA2?
Marriage patterns reveal 29.3% of the adult population are currently married, while 55.2% have never married. This compares to 47.0% married and 38.0% never married across Greater Melbourne.
How significant are single-person households?
Single-person households represent 44.2% of all households in the Elwood SA2, higher than the regional average of 24.8%. This affects demand for smaller dwellings and single-person accommodation.
Are shared living arrangements common?
Group households (unrelated people sharing) account for 6.7% of households, well below the Greater Melbourne average of 4.3%. This low rate suggests limited student or young professional shared accommodation.
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EducationSchools & Education in Elwood

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57.3% of adults in Elwood hold a university qualification, including 37.1% with a bachelor degree and 15.1% with postgraduate qualifications, higher than 97% of areas nationally. A further 11.0% hold a vocational qualification. 4 schools serve the area, with 1,766 enrolment places and an average ICSEA of 1,121 against a national benchmark of 1,000. Qualifications come from the 2021 Census; school enrolments, ICSEA and results come from ACARA's current release.

Detail

The level of educational qualifications in Elwood is significantly higher than broader benchmarks, with 57.3% of residents aged 15 and over holding a university degree, compared to 30.4% nationally and 33.4% across Victoria. This high educational profile positions the suburb well for opportunities in knowledge-based industries. Bachelor degrees are the most common qualification at 37.1%, followed by postgraduate degrees at 15.1% and graduate diplomas at 5.1%. Vocational qualifications are held by 22.4% of residents aged 15 and over, which includes advanced diplomas at 11.4% and certificates at 11.0%. The rate of educational enrollment is high, with 26.9% of the population currently undertaking formal studies.

This group is composed of 8.0% in higher education, 7.0% in primary school, and 5.6% attending secondary school.

Frequently Asked Questions - Education

What percentage of people in the Elwood SA2 have university qualifications?
57.3% of people aged 15 and over in the Elwood SA2 have university qualifications, compared to 37.0% in the broader region.
What percentage of people in the Elwood SA2 have no formal qualifications?
20.5% of people aged 15 and over in the Elwood SA2 have no formal qualifications, compared to 35.2% regionally.
How does the Elwood SA2's education level compare to national averages?
The elwood sa2 ranks in the 97th percentile nationally for education based on AreaSearch's analysis of qualification and performance metrics.
What types of qualifications are most common in the Elwood SA2?
The most common qualifications in the Elwood SA2 are: Bachelor Degree (37.1%), Postgraduate (15.1%), Advanced Diploma (11.4%).
What proportion of the Elwood SA2's population is currently attending educational institutions?
26.9% of the population in the Elwood SA2 is currently engaged in formal education, with 7.0% in primary school, 5.6% in secondary school, 8.0% at university.
What is the ICSEA score for schools in the Elwood SA2?
The average ICSEA (Index of Community Socio-Educational Advantage) score for schools in the Elwood SA2 is 1121, indicating above-average socio-educational advantage compared to the national average of 1000.
How many schools are located within the Elwood SA2?
There are 4 schools within the Elwood SA2, with a combined enrollment of approximately 1,766 students.
What types of schools are available in the Elwood SA2?
The elwood sa2 includes 2 primary schools, 1 secondary school, 1 combined school.

Schools Detail

AmenitiesServices & Amenities in Elwood

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Getting AroundTransport & Commuting in Elwood

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Public transport in Elwood reaches 43 stops on 8 routes, timetabled for about 3,000 services a week. The typical home sits about 160 m from its nearest stop. Buses carry the largest share of public transport commuters. Households keep an average of 0.7 vehicles. Stop and service counts are built from operators' published GTFS timetables and refresh with each timetable release; vehicle ownership is from the 2021 Census.

Detail

Public transport infrastructure includes 43 active passenger stops within the suburb, consisting of lightrail and bus services. These stops support 8 different routes, which together provide 3,018 weekly passenger journeys. Transport accessibility is high, with residents living an average of 160 meters from the nearest stop. The suburb is primarily residential, and the majority of workers commute to other areas, with private vehicles remaining the main mode of transport at 71%, followed by trains at 8%, and walking at 6%. The average number of motor vehicles is 0.7 per dwelling, which is below the metropolitan average.

The 2021 Census recorded 50.5% of residents working from home, which may have been influenced by COVID-19 pandemic settings. Across all active routes, service levels average 431 daily trips, which represents approximately 70 weekly journeys for each individual transport stop.

Frequently Asked Questions - Transport

How many public transport stops are in Elwood?
There are 43 public transport stops within the Elwood SA2.
How frequent are the transport services in Elwood?
the Elwood SA2 has 3,018 weekly trips across 8 routes, averaging 431 trips per day.
How far are residents from public transport in Elwood?
On average, residential properties are 160 meters from the nearest transport stop.

Transport Stops Detail

HealthcareHealth Services in Elwood

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74.6% of residents in Elwood report no long-term health condition, a healthier profile than 93% of areas nationally. 2.5% need daily assistance with core activities, and 73.1% hold private health cover. The standardised death rate runs at 3.5 per 1,000 residents. Health conditions, assistance needs and insurance are 2021 Census measures; the death rate comes from current ABS releases.

Detail

According to AreaSearch's evaluation of mortality rates and chronic illness indicators, health outcomes in Elwood are very strong, with a low incidence of common health issues across all demographics. The level of private health insurance is exceptionally high, covering approximately 73% of the population (11,737 people), compared to 56.7% in Greater Melbourne and a national average of 55.7%. The most prevalent health concerns in the suburb are mental health conditions and asthma, affecting 9.5% and 7.6% of residents respectively. Conversely, 74.6% of the population reported having no chronic medical conditions, compared to 72.6% across Greater Melbourne.

The working-age population exhibits strong health profiles with a low rate of chronic disease. Residents aged 65 and over make up 13.2% of the local population (2,113 people), which is lower than the Greater Melbourne proportion of 15.0%. Senior residents demonstrate positive health outcomes, with national comparisons aligning closely with the broader population trends.

Frequently Asked Questions - Health

How many people in the Elwood SA2 have private health insurance?
Around 73.1% of people in the Elwood SA2 are covered by private health insurance, which compares to 56.7% in the broader region of Greater Melbourne.
What percentage of the population requires ongoing medical assistance in the Elwood SA2?
In the Elwood SA2, 2.5% of the population is identified as requiring ongoing medical assistance. This figure is slightly different from the regional average, where 5.5% of people in Greater Melbourne require similar assistance.
How prevalent is asthma in the Elwood SA2?
7.6% of people in the Elwood SA2 are diagnosed with asthma. In comparison, 7.3% of the population across Greater Melbourne is affected by asthma.
What percentage of people have diabetes in the Elwood SA2?
Diabetes affects 1.9% of the the Elwood SA2 population, while in the surrounding region, 4.1% of people are diagnosed with diabetes.
What is the percentage of people with heart disease in the Elwood SA2?
2.1% of people in the Elwood SA2 have heart disease. Across the region of Greater Melbourne, 3.1% of the population is affected by heart disease.
How does the Elwood SA2 compare to the region in terms of overall private health coverage?
In the Elwood SA2, 73.1% of the population are estimated to have private health insurance. Comparatively, Greater Melbourne sees an estimated private health coverage rate of 56.7%.

Ancestry & LanguageCultural Diversity in Elwood

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28.1% of Elwood residents were born overseas and 15.4% speak a language other than English at home. The largest reported ancestries are English (26.3%) and Australian (18.7%). Ancestry, language and country of birth are counted only by the Census, so these are 2021 figures.

Detail

The suburb displays a higher level of cultural diversity than most standard markets, with 15.4% of residents speaking a non-English language at home and 28.1% born outside of Australia. Christianity is the most common religious affiliation, representing 30.5% of the local population. The most distinct variance is the representation of Judaism, which accounts for 3.9% of the population compared to 1.0% across Greater Melbourne. Regarding family ancestry, the three largest groups in the suburb are English at 26.3% of the population, which is higher than the regional average of 20.1%, Australian at 18.7%, and Irish at 11.2%.

There are also notable differences in other backgrounds, with Polish ancestry representing 1.9% of the population (compared to 0.8% across the region), French at 1.2% (compared to 0.5%), and Russian at 0.9% (compared to 0.4%).

Frequently Asked Questions - Diversity

What is the level of cultural diversity in the Elwood SA2?
Elwood was found to be more culturally diverse than the vast majority of local markets, with 15.4% of its population speaking a language other than English at home and 28.1% born overseas.
What is the most common religion in the Elwood SA2?
The main religion in Elwood was found to be Christianity, which makes up 30.5% of people in Elwood. However, the most apparent overrepresentation was in Judaism, which comprises 3.9% of the population, compared to 1.0% across Greater Melbourne.
What are the top countries of origin in the Elwood SA2?
In terms of ancestry (country of birth of parents), the top three represented groups in Elwood are English, comprising 26.3% of the population, which is substantially higher than the regional average of 20.1%, Australian, comprising 18.7% of the population, and Irish, comprising 11.2% of the population. Additionally, there are notable divergences in the representation of certain other ethnic groups: Polish is notably overrepresented at 1.9% of Elwood (vs 0.8% regionally), French at 1.2% (vs 0.5%) and Russian at 0.9% (vs 0.4%).
How does the percentage of people born overseas compare to the regional average?
28.1% of the the Elwood SA2 population was born overseas, compared to 37.3% regionally.
What percentage of the the Elwood SA2 population speaks a language other than English at home?
15.4% of the population in the Elwood SA2 speaks a language other than English at home, compared to 35.9% in the wider region.
How many people in the Elwood SA2 identify as Australian Aboriginal?
0.3% of the the Elwood SA2 population identifies as Australian Aboriginal, compared to 0.5% in the region.
What is the citizenship status of the population in the Elwood SA2?
82.5% of the the Elwood SA2 population holds citizenship, compared to 81.1% in the wider region.

Age StructureAge Profile of Elwood

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The median resident of Elwood is 38. 32.2% of residents are aged 15 to 34. Age cohorts are not raw Census counts: the Census split is re-based to the latest ABS population estimates and state projections.

Detail

The median age of 38 in Elwood is comparable to the Greater Melbourne average of 37 and matches the national median of 38. The suburb has a higher proportion of residents aged 25 - 34 (21.5%) compared to Greater Melbourne, but fewer children aged 5 - 14 (6.6%). This 25 - 34 cohort size is higher than the national average of 14.6%. Since the 2021 Census, the proportion of residents aged 15 to 24 grew from 8.2% to 10.7%, and the 65 to 74 group rose from 7.0% to 8.1%.

Meanwhile, the 5 to 14 cohort declined from 8.5% to 6.6%, and the 45 to 54 cohort decreased from 15.9% to 14.2%. By 2041, demographic changes are expected, led by a 43% increase in the 45 to 54 group, which is projected to grow from 2,278 to 3,265 residents, while the 0 to 4 and 15 to 24 age groups are expected to decline.

Frequently Asked Questions - Age

What is the median age in the Elwood SA2?
According to the latest data, the median age in the Elwood SA2 is 38 years.
How does the Elwood SA2's median age compare to broader areas?
At 38 years, Elwood is comparable to the Greater Melbourne average (37 years) and similarly aligned with equal to the national average.
What age groups are over-represented in the Elwood SA2?
The most over-represented age group in the Elwood SA2 compared to the Greater Melbourne region is the 25 - 34 group, making up 21.5% of the population.
What age groups are under-represented in the Elwood SA2?
The most under-represented age group in the Elwood SA2 compared to the Greater Melbourne region is the 5 - 14 group, making up 6.6% of the population.
Are there age groups with notable population variances?
Yes, certain age groups in the Elwood SA2 show significant variance compared to the Greater Melbourne region. The most under-represented age groups are 5-14 year-olds (6.6% vs 11.9%) and 85+ year-olds (1.2% vs 2.0%).
What is the percentage of children (0-14 years) in the Elwood SA2?
The percentage of children aged 0-14 years in the Elwood SA2 is 10.5%.
What is the percentage of older people (65+ years) in the Elwood SA2?
The percentage of people aged 65 and over in the Elwood SA2 is 13.2%.

Data & MethodBoundaries, Sources & Method for Elwood

Data currency Refreshed

9 of 14 data sections on this page were updated within the last 12 months — the newest current to Aug 2026.

Everything is aggregated to the SA2 boundary shown above, on a 2021 Census baseline. Only 3 sections — housing, households and cultural diversity — still wait on the 2026 Census.

The ledger — source, cycle and currency by section

Section Source & update cycle Currency
Updated within the last 12 months 9 sections
Population ABS, GNAF, Geoscience Australia Annual (ABS ERP) May 2026 3 months ago headline measures · 2021 Census baseline
Re-based to the ABS Estimated Resident Population (June 2025 release) and updated with new dwellings from GNAF address data. Current to May 2026, with the 2021 Census supplying the small-area baseline.
Age profile ABS, Geoscience Australia, State governments Annual May 2026 3 months ago headline measures · 2021 Census baseline
Age cohorts are re-based to the latest ABS population estimates and state projections, current to May 2026. Each cohort is held as a Census baseline and a current estimate.
Development & approvals ABS, GNAF Monthly (ABS approvals) Jun 2026 2 months ago headline measures · May 2026 baseline
Property sales & rents Valuer General, Rental Board, ABS Weekly sales, quarterly rents Aug 2026 this month all 21 measures
Sales from the state Valuer General register, refreshed weekly, and rents from quarterly rental bond lodgements. Both are read live each time this page loads, current to Aug 2026.
Infrastructure projects Infrastructure Australia, State agencies, Local governments Daily May 2026 3 months ago all 3 projects tracked here
Project pipeline maintained continuously from Infrastructure Australia, state agencies, local government and public announcements. Records are added and revised daily; this area was last updated May 2026.
Employment ABS, DEWR, JSA Quarterly (ABS SALM) Mar 2026 5 months ago headline measures · 2021 Census baseline
Unemployment and labour force from ABS Small Area Labour Markets, current to Mar 2026. The growth outlook applies Department of Employment (now Jobs and Skills Australia) forecasts for all 19 industry divisions to the local industry mix, so it measures sector composition rather than local expansion and makes no allowance for population growth. Job demand comes from the same agency via its Internet Vacancy Index; industry and occupation structure from the 2021 Census.
Education ABS, ACARA Annual (ACARA) Aug 2026 this month headline measures · 2021 Census baseline
Transport ABS, State Transport Departments Each timetable release Jul 2026 last month headline measures · 2021 Census baseline
Services & amenities Provider directories, ACECQA Continuous Jul 2026 last month all 14 measures
Annual and financial-year sources 2 sections
Income ABS, ATO Annual (ATO) FY 2023 3 years ago headline measures · 2021 Census baseline
ATO taxable income statistics for FY 2023, indexed forward using the Wage Price Index. Census household income provides the distribution detail.
Health ABS, ATO Annual 2024 2 years ago headline measures · 2021 Census baseline
Census-measured — next update: 2026 Census 3 sections No more current small-area source exists for these, so they are labelled as Census-measured rather than implied to be current.
Housing ABS 5-yearly (Census) 2021 Census next update 2026 all 30 measures
Households ABS 5-yearly (Census) 2021 Census next update 2026 all 18 measures
Cultural diversity ABS, Geoscience Australia 5-yearly (Census) 2021 Census next update 2026 all 44 measures

"Currency" is the most recent release feeding that section. Where the Census supplies the structural baseline underneath a current headline figure, the row says so.

How the numbers are built

Population

The Census provides the small-area baseline, aggregated from mesh blocks to this boundary. It is then re-based to the ABS Estimated Resident Population (June 2025 release), and new dwellings built since Census night are counted from address data — 96 validated new addresses here. The headline figure is therefore a current estimate for May 2026, not a 2021 count (14,818 at the 2021 Census → 16,057 now). Annual growth rates are compound (CAGR), not simple averages.

Age profile

Cohort shares are not raw Census counts. Every cohort is held as a pair — the Census baseline and a current estimate — and the split is re-based using ERP and state population projections, current to May 2026. Median age is the Census median plus modelled change since. Charts that show both are labelled "2021 Census vs Current Estimate".

Property sales

Sourced from the state valuation authority's sales register — current, not Census, and refreshed weekly. Medians are calculated from settled transactions in the period shown; periods with very low transaction counts are flagged or suppressed, because a handful of sales can move a median substantially.

Rents

Derived from state rental bond lodgement data, by dwelling type and bedroom count. Bonds are lodged at the start of a new tenancy, so this reflects new lettings, not the whole rented stock.

Development & infrastructure

Building approvals come from current ABS releases; development applications are collected from council and state planning portals; the infrastructure pipeline is compiled from Infrastructure Australia and local government sources. Applications are matched to this boundary by address or coordinates, so very recent lodgements may not yet appear.

Employment & income

Industry and occupation structure comes from the Census, but the headline labour-market indicators do not. Unemployment and labour force are derived from ABS Small Area Labour Markets (quarterly). The employment outlook applies Department of Employment forecasts for all 19 industry divisions to this area's own industry mix (the agency is now Jobs and Skills Australia), as does the Internet Vacancy Index used for job demand. Because it is weighted on industry composition alone, that outlook carries no allowance for local population growth — in fast-growing areas the real rise in local jobs will typically be higher. Income combines Census household income with ATO taxable-income statistics for FY 2023, indexed forward using the Wage Price Index.

Education, transport & amenities

School enrolments, ICSEA and performance come from ACARA's current release, not the Census. Public transport stops and service frequency are derived from GTFS timetable feeds published by state transport departments. Services and amenities are proximity and count scores built from provider directories, refreshed on their own cycle. The Census contributes only the travel-to-work and qualification measures.

Rankings and benchmarks. Where we rank this area, the comparison set is every area of the same boundary type — suburbs against suburbs, SA2s against SA2s. Benchmarks compare this area against its greater capital city region and the national figure for the same measure and period.

Limits worth knowing. Small areas carry larger error margins, and the ABS introduces small random adjustments to Census counts to protect confidentiality — so totals may not sum exactly. Estimates re-based from regional data describe the area's expected trajectory, not a direct count of it. Figures are indicative for research and are not financial, planning or valuation advice.

Cross-check us. The Census baseline for this boundary is at ABS 2021 Census QuickStats (206051129). QuickStats reports 2021 only — the figures on this page are more current wherever the ledger shows a later date.

Common questions about this page

Why can the Elwood SA2 boundary differ from the suburb boundary?
This page uses ABS Statistical Area Level 2 (SA2) boundaries for statistical reporting (e.g., census and ERP). SA2 areas can differ materially from Suburbs and Localities (SAL) boundaries, even when they share similar names, because they are defined for different purposes and often use different geographic boundaries.
Where does the data on this Elwood page come from?
AreaSearch compiles this page from official and industry sources — including ABS, Geoscience Australia, Valuer General, Provider directories, DEWR, JSA, State Transport Departments and ACARA — then aggregates them to the boundary shown and calculates the rankings, growth rates and benchmarks itself. Property sales come from the state valuation authority, rents from state rental bond lodgements, development applications from council and state planning portals, school data from ACARA, and public transport from state transport departments.
Is the Elwood data on this page just from the 2021 Census?
No. Most of this page is maintained well beyond the Census. Sourced entirely from current releases: development & approvals (Jun 2026), property sales & rents (Aug 2026), infrastructure projects (May 2026) and services & amenities (Jul 2026). Built on a Census baseline but carrying newer measures on top: population (to May 2026), age profile (to May 2026), employment (to Mar 2026), income (to FY 2023), education (to Aug 2026), transport (to Jul 2026) and health (to 2024). Population and age cohorts in particular are re-based to the latest ABS Estimated Resident Population rather than left at 2021 counts. Only housing, households and cultural diversity remain wholly Census-based, because no more current small-area dataset exists for those measures.

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