Elsternwick Property Market
& Suburb Profile

The suburb is at the heart of significant state-led urban planning initiatives, aimed at reinforcing its role as a major activity centre while preserving the unique character that makes it a "slice of Europe" in Melbourne’s southeast.

The lifestyle in Elsternwick is defined by its vibrant cultural fabric and world-class retail. Glen Huntly Road serves as the suburb's primary social artery, famous for its eclectic mix of traditional Jewish bakeries, designer boutiques, and an ever-evolving dining scene. Social life is anchored by the iconic Classic Cinemas - a local landmark since 1911 - and the Jewish Museum of Australia. For recreation, residents enjoy the heritage-listed Rippon Lea Estate, a sprawling 19th-century mansion and garden, as well as the Hopetoun Gardens. The suburb’s atmosphere is notably community-centric, often hosting street festivals and markets that celebrate its deep multicultural roots.

A major environmental and social milestone for the suburb is the continued transformation of the Yalukit Willam Nature Reserve (formerly Elsternwick Park). As of late 2025, the project has reached a critical phase with the completion of major earthworks for the southern wetlands. Scheduled to fully reopen in mid-2026, this massive urban ecology project is introducing nearly 200,000 new plants and 1,900 trees, creating a biodiverse sanctuary that filters stormwater and provides a tranquil retreat for both wildlife and residents. This "repair of country" has become a central point of pride for the local community.

Infrastructure and planning are currently the subject of intense local focus. In mid-2025, the Victorian Government approved a significant residential development in the Selwyn Street precinct, a decision that followed years of community advocacy regarding building heights and neighborhood character.

Education remains a fundamental pillar of the suburb, attracting families from across Melbourne. Elsternwick is home to prestigious institutions such as Wesley College (Elsternwick Campus) and Leibler Yavneh College, as well as highly regarded public options like St Joseph’s School.

Connectivity is another standout feature; the Elsternwick Railway Station on the Sandringham line offers a rapid commute to the city, while the Route 67 tram provides a scenic link through the heart of the suburb toward the University of Melbourne. The suburb's position near the Nepean Highway also ensures easy access to the bayside beaches and the city's freeway network.

From a property perspective, Elsternwick is a resilient and prestigious market characterised by a diverse housing stock. Residents can find everything from majestic Victorian and Edwardian mansions to mid-century "walk-up" flats and high-end modern apartments. With a high proportion of professional residents and a strong emphasis on heritage preservation, the suburb maintains a stable and aspirational atmosphere. Its ongoing evolution into a more densely populated but highly livable "activity hub" ensures it remains a top-tier choice for those seeking a sophisticated blend of history, culture, and nature.