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
160 Bank St, SOUTH MELBOURNE 4 House (Res) Passed in at Auction 19/06/2021 Gary Peer & Associates
428 Park St, SOUTH MELBOURNE - House Auction Sale 19/06/2021 RT Edgar Albert Park
40 Palmer St, SOUTH MELBOURNE 2 House (Res) Auction Sale 19/06/2021 Marshall White & Co
133 Park St, SOUTH MELBOURNE 3 Townhouse (Res) Sold Before Auction 12/06/2021 Greg Hocking Holdsworth

Median data for March Quarter 2021. Click here for details.

Median Sale Price

$1.6mil

Metro Melbourne

$1mil

Quarterly Price Change

-7%

Metro Melbourne

8.8%

Median Rent

$625

Metro Melbourne

$480

Rental Yield

2%

Metro Melbourne

2.7%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 83.3% 83.8%
Days on Market 41 36
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,182,500 $930,000
3 Bedrooms $1,715,000 $810,000
4 Bedrooms $2,625,000 $990,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $550 $500
3 Bedrooms $775 $450
4 Bedrooms n/a $500

Median data for March Quarter 2021. Click here for details.

Median Sale Price

$623k

Metro Melbourne

$673k

Quarterly Price Change

-1.2%

Metro Melbourne

4.8%

Median Rent

$425

Metro Melbourne

$400

Rental Yield

3.6%

Metro Melbourne

3.2%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 83.3% 83.8%
Days on Market 41 36
Median price by Bedrooms Suburb Metro
1 Bedroom $434,000 $390,000
2 Bedrooms $630,000 $600,000
3 Bedrooms $1,180,000 $810,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $360 $340
2 Bedrooms $500 $420
3 Bedrooms $920 $525

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