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 |
|---|---|---|---|---|---|---|---|
| 9 Coote St, South Melbourne | 3 |  | House | Sold Before Auction | 11/03/2026 | Marshall White & Co | View |
| 201/28 Bank St, South Melbourne | 2 |  | Apartment | Private Sale | 11/02/2026 | MICM Real Estate | View |
| 24A Dow St, South Melbourne | 2 |  | House | Passed in Vendor Bid | 13/03/2026 | Jellis Craig | View |
| 4 Napier Pl, South Melbourne | 4 | | House | Auction Sale | 13/03/2026 | Marshall White & Co | View |
| 79 Thomson St, South Melbourne | 3 | | House | Passed in Vendor Bid | 13/03/2026 | Jellis Craig | View |
| 87 Thomson St, South Melbourne | 2 | | House | Auction Sale | 13/03/2026 | BigginScott | View |
| 8/297 Dorcas St, South Melbourne | 3 | | House | Sold Before Auction | 12/03/2026 | Jellis Craig | View |
| 808/338 Kings Way, South Melbourne | 2 | | Apartment | Private Sale | 22/02/2026 | Barry Plant | View |
| 907/338 Kings Way, South Melbourne | 2 | | Apartment | Private Sale | 18/02/2026 | Marshall White | View |
| 906/38 Albert Rd, South Melbourne | 2 | | Apartment | Private Sale | 14/02/2026 | Belle Property Albert Park | View |
Sales data
Median sale price
$2.1mil
Quarterly price change
37.4%
Metro Melbourne Comparison
$974k
1.8%
| Bedrooms | South Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,351,000 | $940,000 |
| 3 | $1,995,000 | $851,000 |
| 4 | $2,767,500 | $970,000 |
| Insight | South Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 85.2% | 77.8% |
| Days on market | 37 | 36 |
Rental data
Median weekly rent
$843
Rental yield
2.5%
Metro Melbourne Comparison
$580
3.2%
| Bedrooms | South Melbourne | Metro comparison |
|---|---|---|
| 2 | $750 | $585 |
| 3 | $1,050 | $550 |
| 4 | - | $600 |
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