Profile for Melbourne

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Melbourne has the highest number of businesses and residents in a small area in the municipality. The CBD is Melbourne's business and financial centre, home to retail, financial, legal, administrative, recreational, tourist and entertainment facilities, serving residents, workers and visitors. The CBD's population is one of the fastest growing small areas in Australia. Federation Square is Melbourne's major public square, hosting arts and cultural events, broadcasting major sporting events on a giant screen and is home to the Melbourne Visitor Centre, the Ian Potter Centre and the Australian Centre for the Moving Image. The area also features the Royal Botanic Gardens, Kings Domain (which contains Government House), Queen Victoria Gardens and Alexandra Gardens. The area includes Olympic Park and Melbourne Park, facilities that host a variety of sporting and entertainment events such as the Australian Open Tennis Championships.

Recent Sales & Auction Results in Melbourne

Address Price Type Method Sale Date Agent
Property List
900/9 Mckillop St, Melbourne 3 Apartment Sold Before Auction 13/11/2019 MICM Real Estate
1303/576-578 St Kilda Rd, Melbourne 2 Apartment Auction Sale 16/11/2019 hockingstuart
707/565 Flinders St, Melbourne 2 Apartment Private Sale 07/11/2019 Dingle Partners

Median data for September 2019 Quarter. Click here for details.

Median Sale Price

n/a

Metro Melbourne

$830k

Quarterly Price Change

n/a

Metro Melbourne

4.5%

Median Rent

n/a

Metro Melbourne

$451

Rental Yield

n/a

Metro Melbourne

2.9%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 90.9% 78.3%
Days on Market 45 33
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $840,000
3 Bedrooms n/a $720,000
4 Bedrooms n/a $852,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $500
3 Bedrooms n/a $430
4 Bedrooms n/a $480

Median data for September 2019 Quarter. Click here for details.

Median Sale Price

$525k

Metro Melbourne

$614k

Quarterly Price Change

14.1%

Metro Melbourne

3.9%

Median Rent

$525

Metro Melbourne

$430

Rental Yield

5.7%

Metro Melbourne

3.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 90.9% 78.3%
Days on Market 45 33
Median price by Bedrooms Suburb Metro
1 Bedroom $350,000 $364,000
2 Bedrooms $585,000 $561,000
3 Bedrooms $832,500 $748,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $450 $370
2 Bedrooms $600 $445
3 Bedrooms $990 $530

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