Profile for South Melbourne

3205

South Melbourne is located 2 km south of the CBD. South Melbourne has a mixture of land uses combining industrial commercial retail and residential areas. The population is generally young and well educated with a high proportion employed as professionals especially in the finance property & business services sector. The suburb also features the Clarendon Street commercial district the South Melbourne Market and the Emerald Hill Court.

Recent Sales & Auction Results in South Melbourne

Address Price Type Method Sale Date Agent
Property List
510/69-71 Stead St, South melbourne 1 Apartment Auction Sale 12/10/2019 RT Edgar Albert Park
153 Market St, South melbourne 2 House (Res) Auction Sale 12/10/2019 Greg Hocking Holdsworth

Median data for June 2019 Quarter. Click here for details.

Median Sale Price

$1.23mil

Metro Melbourne

$785k

Quarterly Price Change

-2%

Metro Melbourne

-1.1%

Median Rent

$630

Metro Melbourne

$450

Rental Yield

2.5%

Metro Melbourne

2.9%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 72.7% 76.7%
Days on Market 50 34
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,069,250 $845,000
3 Bedrooms $1,465,000 $720,000
4 Bedrooms n/a $853,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $590 $500
3 Bedrooms $850 $430
4 Bedrooms n/a $480

Median data for June 2019 Quarter. Click here for details.

Median Sale Price

$683k

Metro Melbourne

$590k

Quarterly Price Change

11.9%

Metro Melbourne

0.6%

Median Rent

$510

Metro Melbourne

$430

Rental Yield

4.3%

Metro Melbourne

3.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 72.7% 76.7%
Days on Market 50 34
Median price by Bedrooms Suburb Metro
1 Bedroom $410,000 $364,500
2 Bedrooms $632,000 $560,000
3 Bedrooms $874,000 $750,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $410 $370
2 Bedrooms $590 $445
3 Bedrooms $758 $530

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