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.

Median data for June 2020 Quarter. Click here for details.

Median Sale Price

$1.58mil

Metro Melbourne

$864k

Quarterly Price Change

1%

Metro Melbourne

-3.5%

Median Rent

$650

Metro Melbourne

$470

Rental Yield

2.1%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 65.9%
Days on Market 28 39
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,200,000 $910,250
3 Bedrooms $1,802,500 $760,000
4 Bedrooms n/a $910,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $623 $500
3 Bedrooms $843 $440
4 Bedrooms n/a $495

Median data for June 2020 Quarter. Click here for details.

Median Sale Price

$609k

Metro Melbourne

$621k

Quarterly Price Change

7.1%

Metro Melbourne

-2.5%

Median Rent

$510

Metro Melbourne

$430

Rental Yield

4.2%

Metro Melbourne

3.5%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 65.9%
Days on Market 28 39
Median price by Bedrooms Suburb Metro
1 Bedroom $445,750 $385,000
2 Bedrooms $648,000 $591,000
3 Bedrooms $926,500 $785,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $418 $370
2 Bedrooms $578 $450
3 Bedrooms $890 $525

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