Profile for South Melbourne

3205

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.

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Recent Sales & Auction Results in South Melbourne

Address Price Type Method Sale Date Agent
Property List
30/70 Albert Rd, South melbourne 2 Apartment Private Sale 11/06/2024 Cayzer
1506/89 Gladstone St, South melbourne 2 Apartment Private Sale 27/05/2024 Barry Plant
98 Pickles St, South melbourne 3 House (Res) Passed in at Auction 15/06/2024 Marshall White & Co
159 Bank St, South melbourne 3 House (Res) Sold Before Auction 04/06/2024 Jellis Craig
804/67-71 Stead St, South melbourne 1 Apartment Private Sale 29/05/2024 Gary Peer & Associates
46 Glover St, South melbourne 2 House (Res) Private Sale 27/05/2024 Jellis Craig

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$1.83m

Metro Melbourne

$929k

Quarterly Price Change

-3.7%

Metro Melbourne

2%

Median Rent

$800

Metro Melbourne

$550

Rental Yield

2.6%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 81% 75.3%
Days on Market 37.5 40
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,300,000 $920,000
3 Bedrooms $1,817,500 $810,000
4 Bedrooms $3,110,000 $965,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $730 $550
3 Bedrooms $995 $520
4 Bedrooms n/a $575

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$625k

Metro Melbourne

$635k

Quarterly Price Change

-0.8%

Metro Melbourne

0.3%

Median Rent

$580

Metro Melbourne

$520

Rental Yield

4.8%

Metro Melbourne

4.3%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 81% 75.3%
Days on Market 37.5 40
Median price by Bedrooms Suburb Metro
1 Bedroom $420,000 $370,000
2 Bedrooms $675,000 $600,000
3 Bedrooms $1,251,500 $855,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $500 $450
2 Bedrooms $650 $540
3 Bedrooms $1,025 $620

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