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
1907/33 Mackenzie St, Melbourne2PriceApartmentPrivate Sale5/01/2026MICM Real EstateView
1615/250 Elizabeth St, Melbourne1PriceApartmentPrivate Sale22/12/2025Dingle Partners
5204/560 Lonsdale St, Melbourne2PriceApartmentPrivate Sale22/12/2025MICM Real Estate
301/639 Lonsdale St, Melbourne2PriceApartmentPassed in Vendor Bid19/12/2025Estatier Pty LtdView
1403/618 Lonsdale St, Melbourne2PriceApartmentPrivate Sale8/12/2025MICM Real EstateView
1702/222 Russell St, Melbourne1PriceApartmentPrivate Sale4/12/2025Cedar Elm Property
810/639 Lonsdale St, Melbourne2PriceApartmentPrivate Sale2/12/2025Ironfish Real Estate - MelbourneView
3105/350 William St, Melbourne2PriceApartmentPrivate Sale2/12/2025MICM Real EstateView
1613/200 Spencer St, Melbourne1PriceApartmentPrivate Sale26/11/2025MICM Real Estate
3509/220 Spencer St, Melbourne1PriceApartmentPrivate Sale13/11/2025Ironfish Real Estate - MelbourneView
702/55 Queens Rd, Melbourne1PriceUnitPrivate Sale8/08/2025Buxton (Port Phillip) Pty Ltd
403/26 Queens Rd, Melbourne4PriceUnitPrivate Sale23/01/2025Buxton (Port Phillip) Pty Ltd
1705/639 Lonsdale St, Melbourne2PriceApartmentPrivate Sale22/01/2026Barry Plant
203/442 St Kilda Rd, Melbourne2PriceApartmentPrivate Sale20/01/2026Dingle PartnersView
834/572 St Kilda Rd, Melbourne1PriceApartmentPrivate Sale15/01/2026L Real EstateView
1116/555 St Kilda Rd, Melbourne2PriceUnitPrivate Sale13/01/2026LJ Hooker City Residential
152/350 St Kilda Rd, Melbourne2PriceApartmentPrivate Sale12/01/2026Nelson Alexander
2610/265 Exhibition St, Melbourne3PriceApartmentPrivate Sale5/01/2026Little Real EstateView
1019/250 Elizabeth St, Melbourne2PriceApartmentPrivate Sale19/12/2025Little Real EstateView
307/539 St Kilda Rd, Melbourne2PriceApartmentPrivate Sale18/12/2025Dingle PartnersView
3205/618 Lonsdale St, Melbourne2PriceApartmentPrivate Sale17/12/2025MICM Real EstateView
1002/181 Exhibition St, Melbourne3PriceApartmentPrivate Sale16/12/2025MICM Real EstateView
511/668 Bourke St, Melbourne1PriceApartmentPrivate Sale14/12/2025Dingle PartnersView
13/449 St Kilda Rd, Melbourne3PriceApartmentPrivate Sale11/12/2025Belle Property South Yarra
1809/560 Lonsdale St, Melbourne2PriceApartmentPrivate Sale10/12/2025MICM Real EstateView
1407/582 St Kilda Rd, Melbourne3PriceApartmentPrivate Sale10/12/2025Buxton (Port Phillip) Pty Ltd
2707B/639 Little Lonsdale St, Melbourne1PriceApartmentPrivate Sale9/12/2025L Real EstateView
37/1 Albert Rd, Melbourne1PriceApartmentPrivate Sale4/12/2025Kay & BurtonView
1004/83 Queens Rd, Melbourne1PriceApartmentPrivate Sale4/12/2025Buxton (Port Phillip) Pty Ltd
1307/220 Spencer St, MelbournePriceStudio ApartmentPrivate Sale2/12/2025L Real EstateView
2304/25 Wills St, Melbourne1PriceApartmentPrivate Sale2/12/2025BigginScottView
77/485 St Kilda Rd, Melbourne3PriceApartmentPrivate Sale1/12/2025Woodards South YarraView
607/199 William St, Melbourne2PriceUnitPrivate Sale26/11/2025Inner Real Estate NEXTRE
1308/87 Franklin St, Melbourne2PriceApartmentPrivate Sale25/11/2025MICM Real EstateView
1905/8 Downie St, Melbourne2PriceApartmentPrivate Sale16/11/2025Belle Property Carlton & MelbourneView
2308/557 Little Lonsdale St, Melbourne1PriceApartmentPrivate Sale19/10/2025Eighth Quarter 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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