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
308/594 Saint Kilda Rd, Melbourne1PriceApartmentPrivate Sale27/04/2026MRE
1907/181 Abeckett St, Melbourne1PriceApartmentPrivate Sale25/04/2026MICM Real EstateView
2301/601 Little Lonsdale St, Melbourne2PriceApartmentPrivate Sale22/04/2026MICM Real EstateView
1214/610 St Kilda Rd, Melbourne2PriceApartmentPrivate Sale22/04/2026Lucas Real Estate
2217/220 Spencer St, Melbourne2PriceApartmentPrivate Sale19/04/2026MICM Real EstateView
4502/560 Lonsdale St, Melbourne2PriceApartmentPrivate Sale17/04/2026MICM Real EstateView
1701/199 William St, Melbourne2PriceApartmentPrivate Sale15/04/2026MRE
703/199 William St, Melbourne2PriceApartmentPrivate Sale15/04/2026MICM Real EstateView
1C/635 St Kilda Rd, Melbourne2PriceApartmentPassed in at Auction8/05/2026Buxton StonningtonView
14/131 Lonsdale St, Melbourne1PriceApartmentPrivate Sale21/04/2026THE BISI AGENTView
1201/225 Elizabeth St, Melbourne4PriceApartmentPrivate Sale20/04/2026Jellis CraigView
3E/635 St Kilda Rd, Melbourne2PriceApartmentPrivate Sale16/04/2026Buxton Stonnington
T104/348 St Kilda Rd, Melbourne1PriceApartmentPrivate Sale15/04/2026Woodards South YarraView

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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