Elsternwick is a situated 9 km south-east of Melbourne's CBD, in the local government area of the City of Glen Eira. At the 2011 Census Elsternwick had a population of 9,774.
Over the last year, property investments in Elsternwick, 3185 have given investors a capital gain of 6.50%. This compares very favourably with the 0.13% for VIC as a whole.
Across a shorter period, Elsternwick, 3185 has seen a median price increase of 5.31% over the last quarter.
At number 396th of VIC’s most discounted properties, Elsternwick is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Situated 8.87km from the CBD, Elsternwick is one of Glen Eira localities in the postcode 3185.
Elsternwick sits comfortably between Elwood, St Kilda East, Caulfield and Brighton East and has the best of all those worlds. With homes ranging from elegantly classic stately Manors, to ultra modern apartments and everything in between it is one of the most sought after tightly held suburbs in Melbourne.
It offers the excellent Glenhuntly Road shopping precinct along with its very own independent Classic Cinema and is a short commute to both the Chadstone and Southland shopping centres and is positioned among a highly accredited school district.
Most sought after properties: Elsternwick offers a variety of housing both affordable and high end which makes it’s the most diverse suburbs in Victoria of which some are on generous size allotments. There is a high demand for property in general ranging from period homes to newly developed family homes and apartment living, with little supply and high demand for elegant and contemporary family homes.
Most common properties: There is a wide range of dwellings elegantly classic stately Manors, established period homes, ultra modern apartments and everything in between.
Top amenities: With its prominent flat terrain, councils sports ground management have improved infrastructure with the immediate area. Other attractions include Elsternwick golf course, Sportscover Arena, Caulfield Racecourse Reserve just to name a few.
Local industry and business: There is a good mixture of retail and other small business trade within the demographic and surrounding suburbs.
Recent changes: There are a number of new medium rise apartment developments along Glenhuntly Road.
Best streets: Regent Street, Hoddle Street, Trevelyan Street, Downshire Road, St George’s Rd and Sherbrooke Avenue just to name a few.
Public transport: Buses, 2 train stations and trams along Nepean Hwy and Glen Huntley Road provide easy access to C.B.D.
Main arteries: Nepean Hwy, Kooyong Road, Orrong Road and Glen Eira Road