Market snapshot
Suburb insights for South Melbourne3205
Change suburbSouth Melbourne, approximately 3 km south of Melbourne's CBD, is a vibrant inner suburb featuring a mix of Victorian terraces, modern apartments, and heritage buildings. Home to the renowned South Melbourne Market, it offers a diverse range of food, produce, shopping, and café options, as well as strong transport links to the city. Its leafy parks and proximity to the Yarra River also appeal to professionals, creatives, and families.
Recent sales and auction results in South Melbourne
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 106 Cobden St, South Melbourne | 2 |  | House | Auction Sale | 11/09/2026 | Inner Real Estate NEXTRE | View |
| 257 Montague St, South Melbourne | 2 |  | House | Auction Sale | 11/09/2026 | Buxton - Cayzer Albert Park | |
| 69 Napier St, South Melbourne | 3 |  | House | Private Sale | 27/08/2026 | Marshall White & Co | |
| 513/85 Market St, South Melbourne | 2 |  | Apartment | Private Sale | 20/08/2026 | Buxton - Cayzer Port Melbourne | |
| 15 Ferrars Pl, South Melbourne | 4 |  | House | Passed in Vendor Bid | 11/09/2026 | Marshall White & Co |
Sales data
Median sale price
$1.4mil
Quarterly price change
-20.7%
Metro Melbourne Comparison
$953k
-3.1%
| Bedrooms | South Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,258,000 | $950,000 |
| 3 | $1,787,000 | $872,000 |
| 4 | $2,720,000 | $990,000 |
| Insight | South Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 81.5% | 68.8% |
| Days on market | 39 | 42 |
Rental data
Median weekly rent
$820
Rental yield
2.6%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | South Melbourne | Metro comparison |
|---|---|---|
| 2 | $775 | $600 |
| 3 | $1,100 | $560 |
| 4 | - | $600 |
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