Market snapshot

Suburb insights for East Melbourne3002

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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.

Recent sales and auction results in East Melbourne

AddressBedroomsPriceTypeMethodSale DateAgentListing
26-28 Simpson St, East melbourne3PriceHouse (Res)Auction Sale20/07/2024Caine REView
609V/162 Albert St, East melbourne2PriceApartmentPrivate Sale10/07/2024Caine REView
9-11 Garden Av, East melbourne8PriceHouse (Res)Private Sale8/07/2024RT Edgar
13C/211 Powlett St, East melbournePriceUnitPrivate Sale2/07/2024Jellis Craig
9/400 Victoria Pde, East melbourne3PriceApartmentPrivate Sale2/07/2024Jellis Craig

Sales data

Median sale price
$3.9mil
Annual price change
12.8%
Metro Melbourne Comparison
$912k
-4.3%
BedroomsEast MelbourneMetro comparison
2-$902,500
3-$810,000
4-$955,000
InsightEast MelbourneMetro comparison
Clearance rate40%73.8%
Days on market3642

Rental data

Median weekly rent
$1,100
Rental yield
1.5%
Metro Melbourne Comparison
$560
3.2%
BedroomsEast MelbourneMetro comparison
2-$550
3$1,175$540
4-$580
Median data for the current quarter
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