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
116/416A St Kilda Rd, Melbourne2PriceApartmentSold Before Auction29/05/2026MICM Real EstateView
184/299 Queen St, Melbourne3PriceApartmentPrivate Sale26/05/2026McgrathView
1506/7 Katherine Pl, Melbourne2PriceApartmentPrivate Sale17/05/2026MICM Real EstateView
3609/33 Rose La, Melbourne2PriceApartmentPrivate Sale12/05/2026MICM Real EstateView
807/70 Queens Rd, Melbourne1PriceApartmentPrivate Sale10/05/2026MICM Real EstateView
1009/74 Queens Rd, Melbourne1PriceApartmentPrivate Sale22/04/2026MRE
703/182 Collins St, Melbourne1PriceApartmentPrivate Sale21/04/2026MICM Real EstateView
2203/25 Wills St, Melbourne1PriceApartmentPrivate Sale21/05/2026Dingle PartnersView
1104/450 Saint Kilda Rd, Melbourne1PriceApartmentPrivate Sale17/05/2026Buxton (Port Phillip) Pty Ltd

Sales data

Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$992k
4.9%
BedroomsMelbourneMetro comparison
2-$950,000
3-$863,000
4-$980,500
InsightMelbourneMetro comparison
Clearance rate74.9%
Days on market4437

Rental data

Median weekly rent
$685
Rental yield
-
Metro Melbourne Comparison
$580
3.1%
BedroomsMelbourneMetro comparison
2$730$595
3-$550
4-$595
Median data for the current quarter
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