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
1003/576-578 St Kilda Rd, Melbourne2PriceApartmentAuction Sale28/01/2026Ray White CarnegieView
2810/220 Spencer St, Melbourne2PriceApartmentPrivate Sale13/01/2026MICM Real EstateView
5204/560 Lonsdale St, Melbourne2PriceApartmentPrivate Sale22/12/2025MICM Real Estate
1705/639 Lonsdale St, Melbourne2PriceApartmentPrivate Sale22/01/2026Barry Plant
834/572 St Kilda Rd, Melbourne1PriceApartmentPrivate Sale15/01/2026L Real EstateView
1116/555 St Kilda Rd, Melbourne2PriceUnitPrivate Sale13/01/2026LJ Hooker City Residential
1019/250 Elizabeth St, Melbourne2PriceApartmentPrivate Sale19/12/2025Little Real EstateView

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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