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
809/333 Exhibition St, Melbourne2PriceApartmentPrivate Sale28/06/2026MICM Real EstateView
2603/620 Collins St, Melbourne2PriceApartmentPrivate Sale27/06/2026Barry Plant
2003/181 Abeckett St, Melbourne1PriceApartmentPrivate Sale26/06/2026MICM Real EstateView
3501/135 Abeckett St, Melbourne1PriceApartmentPrivate Sale9/06/2026MREView
204/25-33 Wills St, Melbourne1PriceApartmentPrivate Sale5/06/2026OBrien Real EstateView
34/458 St Kilda Rd, Melbourne3PriceApartmentPrivate Sale30/06/2026Kay & Burton (Stonnington)
10/73 Queens Rd, Melbourne2PriceApartmentPrivate Sale29/06/2026HodgesView
15/410 Queen St, Melbourne2PriceApartmentPrivate Sale17/06/2026Nelson AlexanderView

Sales data

Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$953k
5.1%
BedroomsMelbourneMetro comparison
2-$950,000
3-$872,000
4-$990,000
InsightMelbourneMetro comparison
Clearance rate78.6%68.8%
Days on market4242

Rental data

Median weekly rent
$685
Rental yield
-
Metro Melbourne Comparison
$580
3.1%
BedroomsMelbourneMetro comparison
2$730$600
3-$560
4-$600
Median data for the current quarter
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