Market snapshot
Suburb insights for South Melbourne3205
Change suburbSouth Melbourne, approximately 3 km south of Melbourne's CBD, is a vibrant inner suburb featuring a mix of Victorian terraces, modern apartments, and heritage buildings. Home to the renowned South Melbourne Market, it offers a diverse range of food, produce, shopping, and café options, as well as strong transport links to the city. Its leafy parks and proximity to the Yarra River also appeal to professionals, creatives, and families.
Recent sales and auction results in South Melbourne
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 110 Tope St, South Melbourne | 3 |  | House | Passed in Vendor Bid | 28/11/2025 | Jellis Craig | View |
| 12 Little Tribe St, South Melbourne | 2 | | House | Auction Sale | 28/11/2025 | Marshall White & Co | View |
| 87 Napier St, South Melbourne | 3 | | House | Auction Sale | 28/11/2025 | Jellis Craig | View |
| 16/297 Dorcas St, South Melbourne | 3 | | Townhouse | Private Sale | 20/11/2025 | Marshall White & Co |
Sales data
Median sale price
$1.5mil
Quarterly price change
-16.2%
Metro Melbourne Comparison
$955k
2.7%
| Bedrooms | South Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,341,000 | $910,000 |
| 3 | $1,850,000 | $830,000 |
| 4 | $2,642,500 | $951,500 |
| Insight | South Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 87.5% | 81.4% |
| Days on market | 37 | 36 |
Rental data
Median weekly rent
$848
Rental yield
2.6%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | South Melbourne | Metro comparison |
|---|---|---|
| 2 | $725 | $580 |
| 3 | $1,000 | $550 |
| 4 | - | $600 |
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