Profile for Melbourne

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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
4/78 Queens Rd, Melbourne 3 Apartment Auction Sale 19/06/2021 Gary Peer & Associates
1216/43 Therry St, Melbourne - Studio Apartment Private Sale 18/06/2021 Peter Markovic
1510/31 A'beckett St, Melbourne 2 Apartment Private Sale 16/06/2021 Elite RE
1121/572 St Kilda Rd, Melbourne 1 Apartment Private Sale 16/06/2021 Dingle Partners
1109/620 Collins St, Melbourne 2 Apartment Private Sale 11/06/2021 Dingle Partners
710/610 St Kilda Rd, Melbourne 1 Apartment Private Sale 18/05/2021 MICM Real Estate
519/55 Queens Rd, Melbourne 1 Apartment Passed in at Auction 19/06/2021 Whiting & Co Professionals St Kilda
2307/60 Market St, Melbourne 2 Apartment Sold Before Auction 11/06/2021 Inner Real Estate NEXTRE

Median data for March Quarter 2021. Click here for details.

Median Sale Price

n/a

Metro Melbourne

$1mil

Quarterly Price Change

n/a

Metro Melbourne

8.8%

Median Rent

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Metro Melbourne

$480

Rental Yield

n/a

Metro Melbourne

2.7%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 61.1% 83.8%
Days on Market 52 36
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $930,000
3 Bedrooms n/a $810,000
4 Bedrooms n/a $990,000

Rental Data

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

Median data for March Quarter 2021. Click here for details.

Median Sale Price

$482k

Metro Melbourne

$673k

Quarterly Price Change

-13.2%

Metro Melbourne

4.8%

Median Rent

$380

Metro Melbourne

$400

Rental Yield

3.7%

Metro Melbourne

3.2%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 61.1% 83.8%
Days on Market 52 36
Median price by Bedrooms Suburb Metro
1 Bedroom $395,000 $390,000
2 Bedrooms $570,000 $600,000
3 Bedrooms $1,237,500 $810,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $345 $340
2 Bedrooms $425 $420
3 Bedrooms $720 $525

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