Elwood is a leafy bayside suburb just south of St Kilda, with Elwood Beach, the canal and the cafes around Ormond Road and Glen Huntly Road. Houst manages short-stay homes across the suburb, from art deco flats to Edwardian houses, and handles pricing, guests and cleaning so you earn without the day-to-day work.

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The commission is based on the property type and location
List on Airbnb, Booking.com, Vrbo/Stayz, Google and more. Listing on several platforms reaches beachgoers, couples, visiting families and longer work stays looking for a quieter base by the bay.
Our pricing data puts a two-bedroom, one-bathroom short stay in Elwood at an average of A$241 a night with 71% occupancy. That works out at around A$62,000 a year before costs. We took four readings across the suburb, on Ormond Road, Glen Huntly Road, Tennyson Street and Broadway, and averaged them. Nightly rates ran from A$230 on Glen Huntly Road to A$254 on Broadway.
Demand peaks in summer, from December to February, when the Australian Open and festival season fill the city and the beach is at its busiest. Melbourne Cup week in November and the AFL finals in September bring further spikes, and the St Kilda Festival nearby adds a busy weekend in February. Figures will vary with size, finish and exact location. See how the suburb compares in our Melbourne Airbnb earnings guide.



The team is professional, responsive, and truly understands what it takes to manage short-term rentals effectively.


I’ve been incredibly lucky with Alex Taylor: professional, friendly, and always helpful. He’s handled everything brilliantly - I’d give him 6 stars if I could.


For the past year, my Houst contact has been incredibly helpful - coordinating repairs, upgrades, and even being on-site when needed. Super reliable and accommodating.


The staff is available 24/7. Messages sent are replied to very quickly. The information about the properties is detailed and clear. Everything goes very smoothly.


The house is well maintained and clean, the dashboard provides up to date and historical information & the guests are taken care of.


I have had a brilliant experience renting my property through Houst. Everyone has been very hands on and contactable which has really put me at ease.
Get a free estimate, book a 15-minute call, then go live. We handle listings, photos, pricing and guest support.
Managing an Airbnb in Elwood means pricing, guest messages, cleans and maintenance, every week. Houst handles all of it from 14% for full-time management or 20% for part-time, so you keep the income without the workload.
Before you list, check the rules that apply to your property. Elwood sits in the City of Port Phillip, and Victoria's statewide rules apply in full.
Levy. Victoria charges a 7.5% short-stay levy on stays of under 28 nights. Platforms such as Airbnb usually collect it, and your principal place of residence is exempt. Read our guide to the Victorian short-stay levy.
No night cap. Victoria has no statewide limit on how many nights a year you can let a home.
Owners corporations. Apartment buildings can ban short stays by special resolution, with 75% of lot owners in favour. A ban cannot apply to a lot that is the owner's or occupier's principal place of residence. Check your building's rules before you list.
Planning and tax. Confirm your address against the Port Phillip planning scheme, especially in heritage overlay areas, and declare your rental income to the ATO. Full detail is in our Melbourne short-term rental rules guide.
Elwood suits short stays because guests get the beach and a village feel without the crowds of St Kilda next door. Elwood Beach and Point Ormond are a short walk from most streets, and the bay trail runs along the foreshore into St Kilda. The cafes and shops around Ormond Road and Glen Huntly Road give guests a local base, and buses link the suburb to St Kilda and nearby train stations. Summer weekends and city events bring a steady flow of guests looking for a calmer stay.
Housing ranges from art deco and interwar flats on the streets near the canal to Edwardian and Californian bungalow houses, which suit couples, families and longer work stays alike. We manage across Elwood and its neighbours, including St Kilda, Middle Park, Albert Park and Caulfield. For the wider city, see Airbnb management in Melbourne.

Find out what your Elwood property could earn with Houst.

As a Partner with Houst, a leading short-term rental management company, Ankoosh helps property owners unlock the full potential of their homes through hassle-free hosting. Partnering with Houst allows Ankoosh to offer expert solutions in listing optimisation, guest management, and dynamic pricing, without the stress of day-to-day operations.
Whether you're new to short-term rentals or looking to improve your existing setup, Ankoosh can guide you through the process and ensure your property generates strong returns.
Most full-service Airbnb managers charge a percentage of booking revenue rather than a flat fee. Houst charges 14% for full-time management and 20% for part-time in Elwood. That covers listing setup, professional photography, dynamic pricing, guest messaging and cleaning coordination.
Short-stay rules are set by each state, not nationally. In Victoria, a 7.5% levy has applied to stays of under 28 nights since 1 January 2025, and owners corporations can ban short stays with a 75% vote. Principal residences are exempt from both. There is no statewide night cap. Elwood hosts should also check the Port Phillip planning scheme.
Common red flags include guests asking to book or pay off the platform, new accounts with no reviews requesting large groups, and questions about hosting parties. When choosing a manager, watch for unclear fees and long lock-in contracts. Houst charges 14% for full-time management or 20% for part-time in Elwood, and handles guest checks and messaging for you.
Airbnb bans parties and events, security cameras inside listings, and booking or paying off the platform. In Victoria, owners corporations can also ban short stays in apartment buildings with a 75% vote, so Elwood apartment owners should check their building rules before they list.
Short stays take ongoing work: pricing, guest messages, cleans between stays and maintenance. Income varies by season, and furnishing, cleaning and insurance costs come out of it. In Elwood, summer brings the most demand, so pricing has to follow the season closely. Houst takes on the day-to-day work from 14% for full-time management.
See how much more hosts can earn with Houst Airbnb management in Elwood.




We are the world's largest Airbnb management company specialising in short-term lets.
We were founded in 2015 and are now present in 29 cities around the world, from Bristol to Brisbane.
Whether you’re a seasoned host or just starting out, with Houst you can make the most of every guest stay.