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
148/283 Spring St, Melbourne3PriceApartmentSold Before Auction19/02/2026MICM Real EstateView
426/572 St Kilda Rd, Melbourne1PriceApartmentPrivate Sale13/02/2026Home Solutions Real Estate
717/250 Elizabeth St, Melbourne1PriceApartmentPrivate Sale12/02/2026Little Real Estate
3903/120 Abeckett St, Melbourne2PriceApartmentPrivate Sale4/02/2026MICM Real EstateView
4011/560 Lonsdale St, Melbourne2PriceApartmentPrivate Sale4/02/2026MICM Real EstateView
1304/68 La Trobe St, Melbourne2PriceApartmentPrivate Sale16/01/2026MICM Real EstateView
3203/220 Spencer St, Melbourne2PriceApartmentPrivate Sale14/01/2026MICM Real EstateView
4305/250 Spencer St, Melbourne1PriceApartmentPrivate Sale12/01/2026MICM Real Estate
1309/250 Elizabeth St, Melbourne2PriceApartmentPrivate Sale12/02/2026Dingle PartnersView
3705/35 Spring St, Melbourne3PriceApartmentPrivate Sale4/02/2026Jellis Craig
101/370 St Kilda Rd, Melbourne2PriceApartmentPrivate Sale3/02/2026Jellis Craig | Chisholm & Gamon Port Melbourne
3602/60 Abeckett St, Melbourne2PriceApartmentPrivate Sale29/01/2026L Real EstateView
5203/63 La Trobe St, Melbourne3PriceApartmentPrivate Sale24/01/2026Rabbitree Real Estate

Sales data

Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$974k
3.8%
BedroomsMelbourneMetro comparison
2-$940,000
3-$851,000
4-$970,000
InsightMelbourneMetro comparison
Clearance rate66.7%77.8%
Days on market4836

Rental data

Median weekly rent
$650
Rental yield
-
Metro Melbourne Comparison
$580
3.2%
BedroomsMelbourneMetro comparison
2$713$585
3-$550
4-$600
Median data for the current quarter
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