Market snapshot

Suburb insights for Melbourne3000

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Melbourne’s CBD is the city’s business and financial hub, boasting the highest concentration of businesses and residents within a small area of the municipality. It hosts a diverse mix of retail, financial, legal, administrative, recreational, tourist, and entertainment facilities that serve residents, workers, and visitors alike. The CBD is also one of Australia’s fastest-growing residential areas. Key landmarks include Federation Square, Melbourne’s major public square, home to the Melbourne Visitor Centre, the Ian Potter Centre, and the Australian Centre for the Moving Image. It regularly hosts arts and cultural events and broadcasts major sporting events on a giant screen. The area also encompasses the Royal Botanic Gardens, Kings Domain (which includes Government House), Queen Victoria Gardens, and Alexandra Gardens. Nearby, Olympic Park and Melbourne Park host major sporting and entertainment events, including the Australian Open Tennis Championships.

Recent sales and auction results in Melbourne

AddressBedroomsPriceTypeMethodSale DateAgentListing
3710/220 Spencer St, Melbourne2PriceApartmentAuction Sale28/11/2025Ray White Southbank and Port PhillipView
506/87 Franklin St, Melbourne1PriceApartmentPrivate Sale20/11/2025Lucas Real Estate
46/24 Little Bourke St, Melbourne1PriceApartmentPrivate Sale19/11/2025Barry Plant
218/416 St Kilda Rd, Melbourne2PriceApartmentPrivate Sale13/11/2025MICM Real Estate
7/24 Little Bourke St, Melbourne1PriceApartmentPrivate Sale31/10/2025Barry PlantView
4113/601 Little Lonsdale St, Melbourne2PriceApartmentPrivate Sale31/10/2025MICM Real Estate
412/181 Abeckett St, Melbourne1PriceApartmentPrivate Sale29/10/2025MICM Real EstateView
308/339 Swanston St, Melbourne3PriceApartmentPrivate Sale19/10/2025MICM Real Estate
2406/318 Queen St, Melbourne2PriceApartmentPassed in at Auction28/11/2025Obrien Seddon
506/29 Market St, Melbourne1PriceApartmentPrivate Sale24/11/2025Dingle PartnersView
1004/83 Queens Rd, Melbourne1PriceApartmentPrivate Sale18/11/2025Buxton (Port Phillip) Pty Ltd
92/283 Spring St, Melbourne3PriceApartmentPrivate Sale9/11/2025Ham Kerr PropertyView
1301/35 Spring St, Melbourne1PriceApartmentPrivate Sale4/11/2025Jellis CraigView
146/416 St Kilda Rd, Melbourne1PriceApartmentPrivate Sale4/11/2025MICM Real EstateView
3506/462 Elizabeth St, Melbourne2PriceApartmentPrivate Sale2/11/2025Rabbitree Real Estate

Sales data

Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$955k
0.8%
BedroomsMelbourneMetro comparison
2-$910,000
3-$830,000
4-$951,500
InsightMelbourneMetro comparison
Clearance rate54.5%81.4%
Days on market5436

Rental data

Median weekly rent
$650
Rental yield
-
Metro Melbourne Comparison
$580
3.3%
BedroomsMelbourneMetro comparison
2$713$580
3-$550
4-$600
Median data for the current quarter

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