What is the average property price of this area?
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Average list price is roughly $810,000 - you can check out here: https://www.homely.com.au/buy/elwood-port-phillip-melbourne-greater-victoria
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Prices have risen quite a lot in the 12 months to the end of 2016. The Median Elwood price is now around $2 million according to the REIV website.
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