Market snapshot

Suburb insights for South Melbourne3205

Change suburb

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
190 Ferrars St, South melbourne2PriceHouse (Res)Passed in Vendor Bid4/04/2025Cayzer
345 Park St, South melbourne2PriceHouse (Res)Passed in Vendor Bid4/04/2025Cayzer
1604/50 Albert Rd, South melbourne2PriceApartmentPrivate Sale30/03/2025Barry PlantView
94B Pickles St, South melbourne2PriceHouse (Res)Auction Sale4/04/2025Marshall White & CoView
36 Glover St, South melbourne2PriceHouse (Res)Private Sale30/03/2025Cayzer
14 Coote St, South melbourne2PriceHouse (Res)Sold Before Auction27/03/2025Marshall White & CoView

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
Find a REIV member

Find a REIV member

Real estate professionals in your area with the right skills, the best knowledge and proven expertise.
Find a member