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
610/38 Bank St, South melbourne 2 Apartment Auction Sale 19/10/2019 Greg Hocking Holdsworth
803/2 Albert Rd, South melbourne 1 Apartment Private Sale 08/10/2019 Kay & Burton
203/38 Bank St, South melbourne 3 Flat/Unit/Apartment (Res) Expression of Interest 23/09/2019 Greg Hocking Holdsworth
5D/18 Albert Rd, South melbourne 3 Flat/Unit/Apartment (Res) Private Sale 18/09/2019 Greg Hocking Holdsworth

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

Median Sale Price

$1.39mil

Metro Melbourne

$830k

Quarterly Price Change

15.1%

Metro Melbourne

4.5%

Median Rent

$645

Metro Melbourne

$451

Rental Yield

2.6%

Metro Melbourne

2.9%

Detailed statistics below to be updated soon for the September 2019 quarter.

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 83.3% 78.3%
Days on Market 48 33
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 September 2019 Quarter. Click here for details.

Median Sale Price

$640k

Metro Melbourne

$614k

Quarterly Price Change

-5.9%

Metro Melbourne

3.9%

Median Rent

$520

Metro Melbourne

$430

Rental Yield

4.3%

Metro Melbourne

3.8%

Detailed statistics below to be updated soon for the September 2019 quarter.

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 83.3% 78.3%
Days on Market 48 33
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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