Elsternwick
The median rent for a 2-bedroom unit in Elsternwick is $600 a week for leases that started in the year to September 2025, up 1.2% on a year earlier. That is 9% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $1,925,000 for a house and $750,000 for a unit. A year of rent for that home is about 4.0% of its median sale price (gross rental yield).
Median rent in Elsternwick
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $440 | +2.3% | 161 |
| 2-bedroom unit | $600 | +1.2% | 284 |
| 3-bedroom unit | $800 | -3.0% | 61 |
| 2-bedroom house | $718 | +13.1% | 20 |
| 3-bedroom house | $900 | +0.6% | 36 |
| 4-bedroom house | $1,150* | +15.0% | 18 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,925,000 | Mar 2026 quarter |
| Unit | $750,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Brunswick $600 a week
- Camberwell $600 a week
- Carlton North $600 a week
- Glen Iris $600 a week
- Hawthorn $600 a week
- Ivanhoe $600 a week