Profile for East Melbourne

3002

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.

Median data for March 2020 Quarter. Click here for details.

Median Sale Price

$3.6mil

Metro Melbourne

$845k

Annual Price Change

35.1%

Metro Melbourne

2.3%

Median Rent

$990

Metro Melbourne

$460

Rental Yield

1.4%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 73.1%
Days on Market 26.5 32
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $880,000
3 Bedrooms n/a $750,000
4 Bedrooms n/a $885,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $500
3 Bedrooms n/a $440
4 Bedrooms n/a $490

Median data for March 2020 Quarter. Click here for details.

Median Sale Price

$1.11mil

Metro Melbourne

$641k

Quarterly Price Change

34.5%

Metro Melbourne

0.6%

Median Rent

$493

Metro Melbourne

$430

Rental Yield

2.9%

Metro Melbourne

3.6%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 73.1%
Days on Market 26.5 32
Median price by Bedrooms Suburb Metro
1 Bedroom $574,500 $375,575
2 Bedrooms $905,000 $585,000
3 Bedrooms $1,930,000 $775,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $420 $375
2 Bedrooms $585 $450
3 Bedrooms n/a $530

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