Market snapshot
Suburb insights for East Melbourne3002
Change suburbEast Melbourne, immediately east of the CBD, is a prestigious suburb featuring grand Victorian and Georgian terraces, tree-lined avenues, and embassies. Landmarks include Fitzroy Gardens, Parliament House, the MCG, and Yarra Park, making it both residentially elegant and sportingly significant. With a central location, top-tier schools, and leafy streets, it draws diplomats, executives, and families seeking convenience and distinction.
Recent sales and auction results in East Melbourne
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 51 Gipps St, East Melbourne | 4 |  | House | Passed in Vendor Bid | 27/02/2026 | Jellis Craig | View |
| 32 Webb La, East Melbourne | 3 | | House | Passed in Vendor Bid | 27/02/2026 | Ray White CRE | View |
| 18 Simpson St, East Melbourne | 3 | | House | Sold Before Auction | 15/02/2026 | Jellis Craig | View |
Sales data
Median sale price
$3.1mil
Quarterly price change
38.9%
Metro Melbourne Comparison
$974k
1.8%
| Bedrooms | East Melbourne | Metro comparison |
|---|---|---|
| 2 | - | $940,000 |
| 3 | $3,050,000 | $851,000 |
| 4 | - | $970,000 |
| Insight | East Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 52.4% | 77.8% |
| Days on market | 54.5 | 36 |
Rental data
Median weekly rent
$1,150
Rental yield
2%
Metro Melbourne Comparison
$580
3.2%
| Bedrooms | East Melbourne | Metro comparison |
|---|---|---|
| 2 | - | $585 |
| 3 | $1,100 | $550 |
| 4 | - | $600 |
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