ABS 2021 Census · Updated 31 March 2026
Elsternwick is an outer-metropolitan suburb of Melbourne, Australia, with a population of approximately 10,887, making it a smaller community. Located approximately 9 km from the Melbourne CBD, Elsternwick is a outer metro area in Victoria. The median household income is $114,868 AUD per year (ABS 2021 Census).
Above-average earnings in Elsternwick support sustained property values. The short commute to the city centre is a key demand driver.
Map shows Elsternwick, Victoria, Australia.
Official Australia Post postcode for Elsternwick. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 3 schools within or near this suburb based on ABS 2021 data.
Find schools near Elsternwick on My School →Estimated 4 parks and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.
ABS Census Data →Elsternwick's outer-metropolitan position means more affordable entry points for investors, with potential for capital growth as infrastructure extends outward. Demand is often driven by young families seeking space and value. The median rent of $441/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,400/month. A median household income of $114,868/year supports premium property values and indicates a well-employed resident base. With only 34% separate houses, Elsternwick has a significant apartment and unit market — typical of inner-city investment corridors.
Elsternwick offers moderate buy-and-hold potential — look for properties with value-add opportunities.
Elsternwick can deliver reasonable rental income, though yields are not the primary draw.
Elsternwick's established market and growing population make it a viable location for value-add renovations.
Run the numbers on a Elsternwick property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Elsternwick is expected to see moderate price growth in 2026 as the broader Victoria market stabilises. The rental market in Elsternwick should see steady occupancy, with moderate upward pressure on rents. Confidence in Elsternwick's medium-term prospects is reflected in sustained buyer interest.
Elsternwick is a outer metro area in Victoria with a population of 10,887. The median rent is $441/week and the median household income is $114,868/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Elsternwick include affordability relative to inner suburbs and expanding infrastructure. 34% of dwellings are separate houses. The area has approximately 3 schools and 4 parks nearby.
According to the ABS 2021 Census, Elsternwick has a population of approximately 10,887. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Elsternwick is approximately 9 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.