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 | Private Sale | 15/03/2026 | Jellis Craig | View |
Sales data
Median sale price
$3.1mil
Annual price change
-14.4%
Metro Melbourne Comparison
$992k
4.9%
| Bedrooms | East Melbourne | Metro comparison |
|---|---|---|
| 2 | - | $950,000 |
| 3 | $3,001,250 | $863,000 |
| 4 | - | $980,500 |
| Insight | East Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 74.9% | |
| Days on market | 55 | 37 |
Rental data
Median weekly rent
$1,075
Rental yield
1.8%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | East Melbourne | Metro comparison |
|---|---|---|
| 2 | - | $595 |
| 3 | $1,100 | $550 |
| 4 | - | $595 |
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