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
407/8 Sutherland St, Melbourne3PriceApartmentPrivate Sale25/11/2025MICM Real EstateView
2810/462 Elizabeth St, Melbourne2PriceUnitPrivate Sale23/11/2025Cedar Elm Property
705/68 La Trobe St, Melbourne2PriceApartmentPrivate Sale19/11/2025MICM Real Estate
1003/115 Swanston St, Melbourne2PriceApartmentPrivate Sale14/11/2025MICM Real EstateView
2009/181 Abeckett St, Melbourne1PriceApartmentPrivate Sale10/11/2025MICM Real EstateView
2013/288 Spencer St, Melbourne1PriceApartmentPrivate Sale10/11/2025MICM Real EstateView
1315/220 Spencer St, Melbourne2PriceApartmentPrivate Sale26/10/2025MICM Real EstateView
175/416A St Kilda Rd, Melbourne1PriceApartmentPrivate Sale1/12/2025McGrathView
212/299 Queen St, Melbourne2PriceApartmentSold Before Auction26/11/2025VICPROP Balwyn
72/99 Spring St, Melbourne2PriceApartmentPrivate Sale21/11/2025Woodards
1104/82 Queens Rd, Melbourne3PriceUnitPrivate Sale14/11/2025Buxton (Port Phillip) Pty Ltd

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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