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
620/572 St Kilda Rd, Melbourne1PriceApartmentPrivate Sale28/09/2026Home Solutions Real Estate
1006/442 St Kilda Rd, Melbourne2PriceApartmentPrivate Sale24/09/2026Dingle PartnersView
320/118 Franklin St, Melbourne1PriceApartmentPrivate Sale19/09/2026MICM Real EstateView
3112/560 Lonsdale St, Melbourne1PriceApartmentPrivate Sale30/08/2026MICM Real EstateView
503/135 Abeckett St, Melbourne2PriceApartmentPrivate Sale20/09/2026MREView
401/95 Berkeley St, Melbourne3PriceApartmentPrivate Sale20/09/2026Dingle PartnersView
4808/639 Lonsdale St, Melbourne2PriceApartmentPrivate Sale20/09/2026Dingle PartnersView
1711/200 Spencer St, Melbourne1PriceApartmentPrivate Sale20/09/2026Dingle PartnersView
204A/8 Exploration La, Melbourne1PriceApartmentPrivate Sale13/09/2026BigginScottView

Sales data

Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$953k
5.1%
BedroomsMelbourneMetro comparison
2-$950,000
3-$872,000
4-$990,000
InsightMelbourneMetro comparison
Clearance rate78.6%68.8%
Days on market4242

Rental data

Median weekly rent
$685
Rental yield
-
Metro Melbourne Comparison
$580
3.1%
BedroomsMelbourneMetro comparison
2$730$600
3-$560
4-$600
Median data for the current quarter
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