Suburb

Market snapshot

Suburb insights for South Melbourne3205

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South 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

AddressBedroomsPriceTypeMethodSale DateAgentListing
5 Hotham St, South Melbourne3PriceHouseAuction Sale5/12/2025Jellis CraigView
406 Coventry St, South Melbourne4PriceHouseAuction Sale5/12/2025Jellis CraigView
101 Park St, South Melbourne2PriceTownhousePassed in Vendor Bid5/12/2025Marshall WhiteView
15 Martin St, South Melbourne4PriceHouseSold Before Auction27/11/2025Jellis CraigView
37 Lyell St, South Melbourne2PriceHousePrivate Sale25/11/2025Marshall White & Co
2511/50 Albert Rd, South Melbourne2PriceApartmentPrivate Sale16/11/2025Woodards South Yarra
4/278 Kings Way, South Melbourne3PriceApartmentPrivate Sale8/11/2025Kay & BurtonView

Sales data

Median sale price
$1.5mil
Quarterly price change
-16.2%
Metro Melbourne Comparison
$955k
2.7%
BedroomsSouth MelbourneMetro comparison
2$1,341,000$910,000
3$1,850,000$830,000
4$2,642,500$951,500
InsightSouth MelbourneMetro comparison
Clearance rate87.5%81.4%
Days on market3736

Rental data

Median weekly rent
$848
Rental yield
2.6%
Metro Melbourne Comparison
$580
3.3%
BedroomsSouth MelbourneMetro comparison
2$725$580
3$1,000$550
4-$600
Median data for the current quarter

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