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
151 Market St, South melbourne 2 House (Res) Passed in Vendor Bid 02/12/2023 Jellis Craig

Median data for September Quarter 2023. Click here for details.

Median Sale Price

$1.41m

Metro Melbourne

$934k

Quarterly Price Change

-9.6%

Metro Melbourne

-0.2%

Median Rent

$795

Metro Melbourne

$530

Rental Yield

2.4%

Metro Melbourne

2.9%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 66.7% 75.2%
Days on Market 37 36
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,290,000 $922,000
3 Bedrooms $1,942,500 $825,000
4 Bedrooms $3,035,000 $1,000,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $715 $520
3 Bedrooms $990 $500
4 Bedrooms $1,100 $550

Median data for September Quarter 2023. Click here for details.

Median Sale Price

$633k

Metro Melbourne

$634k

Quarterly Price Change

2.8%

Metro Melbourne

1%

Median Rent

$550

Metro Melbourne

$480

Rental Yield

4.8%

Metro Melbourne

4%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 66.7% 75.2%
Days on Market 37 36
Median price by Bedrooms Suburb Metro
1 Bedroom $410,000 $365,000
2 Bedrooms $665,000 $595,000
3 Bedrooms $1,444,000 $850,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $475 $400
2 Bedrooms $620 $495
3 Bedrooms $880 $580

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