101/2 Pine Avenue, Elwood VIC 3184
101/2 Pine Avenue, Elwood VIC 3184
2 bed | 2 bath | 2 car | 133sqm | northern corner | Elwood House | Woods Bagot design
This apartment occupies a rare position in the market: a genuinely large two-bedroom floorplan with two car spaces in a bayside pocket where that combination is scarce. The northern corner orientation and floor-to-ceiling glazing deliver light and privacy that most apartments at this price point lack. The design pedigree from Woods Bagot and Hecker Guthrie signals a build quality and material standard that holds value better than developer-grade stock. This property suits downsizers or professionals who want village walkability and beach proximity without compromising on internal space.
The principal risk is the price guide, which sits at the top of the two-bedroom apartment market in Elwood and may test buyer appetite. Body corporate fees and title particulars remain unverified, and these costs can materially affect holding costs in a premium building. The opportunity lies in the scarcity of 133sqm apartments with two car spaces in this locationโthis configuration rarely trades, which gives the buyer pricing leverage if the property sits on the market. Hold it as a long-term bayside residence; the design and floorplan will outperform generic stock in any market.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 101/2 Pine Avenue, Elwood VIC 3184
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.