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.

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Recent Sales & Auction Results in East Melbourne

Address Price Type Method Sale Date Agent
Property List
G06/462 Victoria Pde, East melbourne 1 Apartment Private Sale 26/05/2021 Biggin & Scott

Median data for March Quarter 2021. Click here for details.

Median Sale Price

$3.91mil

Metro Melbourne

$1mil

Quarterly Price Change

50.5%

Metro Melbourne

8.8%

Median Rent

$850

Metro Melbourne

$480

Rental Yield

1.3%

Metro Melbourne

2.7%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 72.7% 83.8%
Days on Market 31.5 36
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $930,000
3 Bedrooms $3,175,000 $810,000
4 Bedrooms n/a $990,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $500
3 Bedrooms n/a $450
4 Bedrooms n/a $500

Median data for March Quarter 2021. Click here for details.

Median Sale Price

$1.08mil

Metro Melbourne

$673k

Quarterly Price Change

30.7%

Metro Melbourne

4.8%

Median Rent

$450

Metro Melbourne

$400

Rental Yield

2.5%

Metro Melbourne

3.2%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 72.7% 83.8%
Days on Market 31.5 36
Median price by Bedrooms Suburb Metro
1 Bedroom $689,000 $390,000
2 Bedrooms $920,000 $600,000
3 Bedrooms $2,650,000 $810,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $380 $340
2 Bedrooms $500 $420
3 Bedrooms $850 $525

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