Profile for Melbourne

3000

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.

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Recent Sales & Auction Results in Melbourne

Address Price Type Method Sale Date Agent
Property List
134/461 St Kilda Rd, Melbourne 2 Apartment Private Sale 10/06/2022 Kay & Burton

Median data for March Quarter 2022. Click here for details.

Median Sale Price

n/a

Metro Melbourne

$1.1m

Annual Price Change

n/a

Metro Melbourne

18%

Median Rent

$430

Metro Melbourne

$485

Rental Yield

n/a

Metro Melbourne

2.3%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 84.2% 78.5%
Days on Market 62 37
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $1,081,000
3 Bedrooms n/a $935,000
4 Bedrooms n/a $1,181,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $450 $500
3 Bedrooms n/a $455
4 Bedrooms n/a $510

Median data for March Quarter 2022. Click here for details.

Median Sale Price

$580k

Metro Melbourne

$684k

Quarterly Price Change

15.3%

Metro Melbourne

-0.9%

Median Rent

$380

Metro Melbourne

$400

Rental Yield

3.8%

Metro Melbourne

3%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 84.2% 78.5%
Days on Market 62 37
Median price by Bedrooms Suburb Metro
1 Bedroom $336,000 $395,000
2 Bedrooms $591,250 $630,000
3 Bedrooms $1,205,000 $875,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $330 $330
2 Bedrooms $440 $420
3 Bedrooms $688 $530

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