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
4603/38 Rose La, Melbourne2PriceApartmentPrivate Sale19/08/2026Barry Plant
3210/301 King St, Melbourne2PriceApartmentPrivate Sale4/08/2026MICM Real EstateView
107/300 Swanston St, Melbourne1PriceApartmentPrivate Sale3/08/2026Belle Property Carlton & Melbourne
1312/119 Abeckett St, Melbourne1PriceApartmentPrivate Sale22/07/2026MICM Real Estate
5103/299 King St, Melbourne1PriceApartmentPrivate Sale22/07/2026MICM Real EstateView
1008/639 Little Bourke St, Melbourne2PriceApartmentPrivate Sale20/07/2026Jellis CraigView
5305/568 Collins St, Melbourne2PriceApartmentPrivate Sale17/08/2026Dingle PartnersView
1104/31 Spring St, Melbourne1PriceApartmentPrivate Sale3/08/2026Belle Property Carlton & Melbourne
2607B/155 Franklin St, Melbourne2PriceApartmentPrivate Sale2/08/2026Vicprop
1004/118 Russell St, Melbourne2PriceApartmentPrivate Sale2/08/2026Belle Property Carlton & Melbourne
1309/648 Lonsdale St, Melbourne1PriceApartmentPrivate Sale31/07/2026L Real Estate

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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