303/2 Pine Avenue, Elwood VIC 3184
303/2 Pine Avenue, Elwood VIC 3184
Penthouse in Elwood House | Three-bedroom with two car spaces | Top-floor positioning | High-end finishes | Strong lifestyle location
This property occupies a rare position in Elwood’s market as a true penthouse within a modern award-winning development. Its 132 square metre floor plan paired with two secure car spaces and a premium specification including marble and Gaggenau sets it distinctly above standard three-bedroom apartments. The configuration is ideal for buyers seeking a low-maintenance but spacious primary residence in a coastal village setting.
The primary risk is price leadership as this property traded well above the suburb median for units which narrows the resale pool but also insulates from broader market softening over time. Buyers should verify flood risk independently given inconsistent reporting. The opportunity lies in holding for lifestyle and capital stability as Elwood’s limited supply of architecturally significant apartments supports long-term value. This property is best held as a permanent home
Detailed Independent Property Report prepared by PropCred Analyst team for 303/2 Pine Avenue, Elwood VIC 3184
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Market Insight:
Elwood presents a well-established bayside market with strong appeal to both families and professionals, driven by its coastal lifestyle and excellent transport links. Demand is underpinned by a mix of owner-occupiers and investors, the latter attracted by solid rental yields. Recent price trends for houses show volatility, with a softening market, while the unit segment has demonstrated greater stability. Future growth will be supported by sustained buyer interest and high sales volumes, though high price points and sensitivity to economic conditions present ongoing affordability constraints.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1422m²
Assessments Delivered Today
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