Profile for South Melbourne

3205

South Melbourne is located 2 km south of the CBD. South Melbourne has a mixture of land uses combining industrial commercial retail and residential areas. The population is generally young and well educated with a high proportion employed as professionals especially in the finance property & business services sector. The suburb also features the Clarendon Street commercial district the South Melbourne Market and the Emerald Hill Court.

Recent Sales & Auction Results in South Melbourne

Address Price Type Method Sale Date Agent
Property List
39 Stead St, South melbourne 2 House (Res) Passed in Vendor Bid 15/12/2018 hockingstuart

Median data for September 2018 Quarter. Click here for details.

Median Sale Price

$1.46mil

Metro Melbourne

$834k

Quarterly Price Change

1.6%

Metro Melbourne

0.0%

Median Rent

$641

Metro Melbourne

$450

Rental Yield

2.3%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 50% 46.1%
Days on Market 38 38
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,240,500 $895,000
3 Bedrooms $1,727,500 $744,750
4 Bedrooms $2,000,000 $880,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $601 $480
3 Bedrooms $803 $420
4 Bedrooms n/a $475

Median data for September 2018 Quarter. Click here for details.

Median Sale Price

$630k

Metro Melbourne

$604k

Quarterly Price Change

-4.5%

Metro Melbourne

0.2%

Median Rent

$510

Metro Melbourne

$420

Rental Yield

4%

Metro Melbourne

3.6%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 50% 46.1%
Days on Market 38 38
Median price by Bedrooms Suburb Metro
1 Bedroom $415,000 $375,000
2 Bedrooms $636,000 $575,000
3 Bedrooms $846,000 $771,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $410 $365
2 Bedrooms $550 $431
3 Bedrooms $720 $520

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