$70,168
Annual Revenue
280
Total Active Listings
$267
Average Daily Rate
72%
Suburb Average Occupancy Level
Elwood pricing moves with the season more than most inner suburbs. We push rates up across summer, school holidays and big city events like the Australian Open and Grand Prix, then adjust for the quieter winter weeks so the calendar keeps filling. Pricing is reviewed daily, not set and forgotten.
Guests heading to Elwood usually want to know how far the beach is and where to park. We answer fast, set up smooth self check-in, and point people towards Point Ormond, the foreshore trail and the Ormond Road cafes. Clear communication is what turns a good stay into a five-star review.
Many Elwood listings are apartments in smaller Art Deco blocks, which means tight turnarounds and shared entrances to work around. Our local cleaning and linen team handles same-day changeovers, hotel-grade linen and a full restock between every booking, so the property is guest-ready every time.
From a dripping tap to a faulty heater, we coordinate trades and resolve issues before they affect a stay. For older bayside apartments and period homes, regular upkeep matters, and we keep on top of it through routine checks and a network of reliable local contractors.
Elwood draws a mixed crowd: domestic family travellers who tend to book through Airbnb, and interstate and international guests who often come through Booking.com or Stayz / VRBO. We list and sync across all of them at no extra cost, which widens your reach and lifts occupancy.
You see exactly how the property is performing. We send clear, regular reporting on bookings, revenue and occupancy, and we are reachable when you have a question. No vague summaries, no surprises at the end of the month.
We charge a flat 15% management fee with no onboarding costs and no setup charges. For an owner with a two-bedroom apartment off Ormond Road, that means no upfront bill before the first guest arrives, and a single percentage you can actually plan around.
Elwood is not a year-round CBD suburb, and pricing it like one leaves money on the table. We know how steep the summer-to-winter swing runs here, how St Kilda events lift nearby demand, and how to position a bayside listing so it stays competitive through the quieter months.
Elwood is one of Melbourne’s calmer bayside suburbs, a stretch of Art Deco apartments and period homes set behind a 1.3-kilometre beach on Port Phillip Bay. It was planned around Elster Creek, now the Elwood Canal, and Point Ormond, the small headland that still draws photographers for its skyline and sunset views. The streets carry the names of writers and poets, the footpaths run thick with plane trees, and the whole place trades on being quieter than its louder neighbour next door.
That neighbour matters. St Kilda sits right on Elwood’s doorstep, with Luna Park, Acland Street and the Palais a few minutes up the road, which means guests get the seaside buzz when they want it and a peaceful base when they don’t. The Bayside Trail runs straight along the foreshore for walkers and cyclists, the Elwood Village shops and cafes anchor the local strip, and Elwood Beach itself stays calm and shallow enough to suit families with young kids. This mix pulls in couples after a relaxed bayside weekend, families chasing safe swimming, and event visitors who want to be near the action without paying CBD rates.
Demand is seasonal in a way that shapes everything. Summer, school holidays and big-ticket Melbourne events are the peaks, while winter softens noticeably once the beach crowd thins out. That swing is exactly why vacation rental management in Elwood needs a local hand: a property priced and marketed for the season earns through January and still books steadily in July, whereas a flat, set-and-forget approach leaves the quieter months half empty.
Elwood sits within easy reach of several suburbs we already manage, including St Kilda, Middle Park, Albert Park and Port Melbourne. Our cleaning and maintenance teams are based locally, which matters for fast turnarounds between bookings and for responding quickly when a guest raises an issue mid-stay.
We charge a flat 15% of booking revenue, with no setup fees and no onboarding costs. That covers listing management, dynamic pricing, guest communication, cleaning coordination and maintenance. There is no separate charge to get started and no long lock-in, so you can see how the property performs before committing further.
It can be, especially through the warmer months. Elwood listings currently run at around 72% occupancy with an average daily rate near $267, which works out to roughly $70,168 a year for a typical well-managed property. The key is pricing for the seasonal swing rather than against it. For a wider look at the numbers, see our guide on whether Airbnb is profitable in Australia.
Yes, Victoria’s short-stay levy applies. Since January 2025 the state charges a 7.5% levy on revenue from short-stay bookings under 28 days. It is worth factoring into your numbers from the start. We break down how it works and what it means for hosts in our Short-Stay Levy blog post.
Of course. It is your home, and plenty of our Elwood owners block out time for their own stays, family visits or the summer holidays. Just give us your dates and we will keep them clear in the calendar and reopen the listing when you are done.
Summer is the clear peak, but Elwood does not switch off in winter. St Kilda events, the foreshore walks and the suburb’s proximity to the city keep a steady base of weekenders and visitors coming through the cooler months. The difference is in the pricing: we drop rates strategically through the quiet weeks so the calendar keeps filling rather than sitting empty waiting for peak.
It is simple. Book one here for a free appraisal and we will run through what your Elwood property could earn, walk you through how the management works, and outline the next steps. We can also help with Airbnb and short-term rental management including cleaning, styling and photography to get the listing looking its best from day one.
Find out what your Elwood property could earn as a short-term rental. We’ll run through the numbers, answer any questions about how our management service works, and outline next steps, all with no obligation.
