Market snapshot
Suburb insights for South Melbourne3205
Change suburbThe 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
Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
---|---|---|---|---|---|---|---|
12 Dow St, South melbourne | 3 | House (Res) | Auction Sale | 20/07/2024 | Belle Property Albert Park | View | |
261 Montague St, South melbourne | 3 | House (Res) | Private Sale | 25/06/2024 | Marshall White & Co | ||
361 Dorcas St, South melbourne | 3 | House (Res) | Passed in Vendor Bid | 20/07/2024 | Belle Property Carlton & Melbourne | View | |
44/1 Sandilands St, South melbourne | 2 | Apartment | Private Sale | 10/07/2024 | Little Real Estate | View | |
181 Nelson Rd, South melbourne | House (Res) | Private Sale | 9/07/2024 | Marshall White & Co |
Sales data
Median sale price
$1.5mil
Quarterly price change
-15.8%
Metro Melbourne Comparison
$912k
-1.5%
Bedrooms | South Melbourne | Metro comparison |
---|---|---|
2 | $1,300,000 | $902,500 |
3 | $1,872,500 | $810,000 |
4 | $3,100,000 | $955,000 |
Insight | South Melbourne | Metro comparison |
---|---|---|
Clearance rate | 64.3% | 73.8% |
Days on market | 41.5 | 42 |
Rental data
Median weekly rent
$815
Rental yield
2.6%
Metro Melbourne Comparison
$560
3.2%
Bedrooms | South Melbourne | Metro comparison |
---|---|---|
2 | $730 | $550 |
3 | $995 | $540 |
4 | - | $580 |
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