Market snapshot

Suburb insights for South Melbourne3205

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The established neighbourhood of South Melbourne is between the south bank of the Yarra River and Port Phillip Bay located two kilometres south of Melbourne. The housing stock dates primarily from the Victorian era with a significant stock of high rise public housing from the 1960s and 1970s. The neighbourhoods are well served by several tramlines and the St Kilda light rail line. The South Melbourne activity centre including Clarendon Street and the South Melbourne Market attracts local and regional visitors. Significant established business precincts offer a location for small and medium size firms close to central Melbourne. Other notable physical features include the South Melbourne Town Hall and the South Melbourne Soccer Ground.

Recent sales and auction results in South Melbourne

AddressBedroomsPriceTypeMethodSale DateAgentListing
125 Napier St, South melbourne2PriceHouseAuction Sale30/05/2025Nelson AlexanderView
68-70 Palmerston Cr, South melbourne4PriceHouseAuction Sale30/05/2025Marshall White & CoView
65 Cobden St, South melbourne2PriceHousePassed in at Auction30/05/2025Jellis CraigView
76/1 Sandilands St, South melbourne2PriceUnitPrivate Sale20/05/2025Belle Property Albert ParkView
22 Glover St, South melbournePriceHousePrivate Sale18/05/2025Marshall White & Co

Sales data

Median sale price
$1.7mil
Quarterly price change
-12.6%
Metro Melbourne Comparison
$923k
2.7%
BedroomsSouth MelbourneMetro comparison
2$1,310,000$881,200
3$1,725,000$810,000
4$2,642,500$942,350
InsightSouth MelbourneMetro comparison
Clearance rate62.5%78.5%
Days on market40.542

Rental data

Median weekly rent
$840
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.3%
BedroomsSouth MelbourneMetro comparison
2$720$580
3$1,050$550
4-$600
Median data for the current quarter
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