Profile for East Melbourne

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East Melbourne is an established affluent area with many 19th century homes iconic landmarks and parks. The historic Fitzroy Treasury and Parliament gardens separate East Melbourne from the central city. Parliament House the Old Treasury Building St Patrick's Catholic Cathedral and the world-famous Melbourne Cricket Ground are all in East Melbourne. While terrace housing is widespread the area has a growing number of apartments as well as remnant mansions some of which are listed on the Victorian Heritage Register. Many medical practitioners have rooms in the area because it's close to several hospitals. Local hospitals include The Royal Victorian Eye and Ear Hospital Freemasons Hospital and Peter MacCallum Cancer Institute.

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Recent Sales & Auction Results in East Melbourne

Address Price Type Method Sale Date Agent
Property List
501/280 Albert St, East melbourne 3 Apartment Expression of Interest 09/08/2022 Kay & Burton

Median data for June Quarter 2022. Click here for details.

Median Sale Price

$3.40m

Metro Melbourne

$1.08m

Quarterly Price Change

2.5%

Metro Melbourne

-2.9%

Median Rent

$850

Metro Melbourne

$490

Rental Yield

1.4%

Metro Melbourne

2.3%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 71.4% 70.7%
Days on Market 38 34
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $1,075,000
3 Bedrooms $3,495,000 $947,000
4 Bedrooms n/a $1,200,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $500
3 Bedrooms n/a $460
4 Bedrooms n/a $525

Median data for June Quarter 2022. Click here for details.

Median Sale Price

$828k

Metro Melbourne

$671k

Quarterly Price Change

-50.6%

Metro Melbourne

-1.3%

Median Rent

$420

Metro Melbourne

$420

Rental Yield

2.5%

Metro Melbourne

3.2%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 71.4% 70.7%
Days on Market 38 34
Median price by Bedrooms Suburb Metro
1 Bedroom $494,250 $390,000
2 Bedrooms $900,000 $630,000
3 Bedrooms $2,440,000 $880,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $383 $340
2 Bedrooms $475 $425
3 Bedrooms n/a $540

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