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
301/639 Lonsdale St, Melbourne2PriceApartmentPassed in Vendor Bid19/12/2025Estatier Pty LtdView
3309/288 Spencer St, Melbourne1PriceApartmentPrivate Sale10/12/2025Lucas Real Estate
1003/181 Abeckett St, Melbourne1PriceApartmentPrivate Sale4/12/2025MICM Real EstateView
1702/222 Russell St, Melbourne1PriceApartmentPrivate Sale4/12/2025Cedar Elm Property
1104/181 Abeckett St, Melbourne1PriceApartmentPrivate Sale27/11/2025MICM Real Estate
5410/135 Abeckett St, Melbourne2PriceApartmentPrivate Sale26/11/2025MICM Real EstateView
2203/181 Abeckett St, Melbourne1PriceApartmentPrivate Sale24/11/2025MICM Real EstateView
1703/618 Lonsdale St, Melbourne2PriceApartmentPrivate Sale21/11/2025MICM Real EstateView
1708/200 Spencer St, Melbourne1PriceApartmentPrivate Sale19/11/2025MICM Real EstateView
3509/220 Spencer St, Melbourne1PriceApartmentPrivate Sale13/11/2025Ironfish Real Estate - MelbourneView
3803/228 La Trobe St, Melbourne2PriceApartmentPrivate Sale5/11/2025MICM Real EstateView
8/25 Queens Rd, Melbourne1PriceApartmentPrivate Sale18/12/2025McGrathView
73/299 Queen St, Melbourne3PriceApartmentPrivate Sale8/12/2025MICM Real EstateView
1004/83 Queens Rd, Melbourne1PriceApartmentPrivate Sale4/12/2025Buxton (Port Phillip) Pty Ltd
607/199 William St, Melbourne2PriceUnitPrivate Sale26/11/2025Inner Real Estate NEXTRE
1002/22-24 Jane Bell La, Melbourne2PriceApartmentPrivate Sale21/11/2025MICM Real EstateView

Sales data

Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$955k
0.8%
BedroomsMelbourneMetro comparison
2-$910,000
3-$830,000
4-$951,500
InsightMelbourneMetro comparison
Clearance rate54.5%81.4%
Days on market5436

Rental data

Median weekly rent
$650
Rental yield
-
Metro Melbourne Comparison
$580
3.3%
BedroomsMelbourneMetro comparison
2$713$580
3-$550
4-$600
Median data for the current quarter

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