Market snapshot

Suburb insights for South Melbourne3205

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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.

Recent sales and auction results in South Melbourne

AddressBedroomsPriceTypeMethodSale DateAgentListing
12 Dow St, South melbourne3PriceHouse (Res)Auction Sale20/07/2024Belle Property Albert ParkView
261 Montague St, South melbourne3PriceHouse (Res)Private Sale25/06/2024Marshall White & Co
361 Dorcas St, South melbourne3PriceHouse (Res)Passed in Vendor Bid20/07/2024Belle Property Carlton & MelbourneView
44/1 Sandilands St, South melbourne2PriceApartmentPrivate Sale10/07/2024Little Real EstateView
181 Nelson Rd, South melbournePriceHouse (Res)Private Sale9/07/2024Marshall White & Co

Sales data

Median sale price
$1.5mil
Quarterly price change
-15.8%
Metro Melbourne Comparison
$912k
-1.5%
BedroomsSouth MelbourneMetro comparison
2$1,300,000$902,500
3$1,872,500$810,000
4$3,100,000$955,000
InsightSouth MelbourneMetro comparison
Clearance rate64.3%73.8%
Days on market41.542

Rental data

Median weekly rent
$815
Rental yield
2.6%
Metro Melbourne Comparison
$560
3.2%
BedroomsSouth MelbourneMetro comparison
2$730$550
3$995$540
4-$580
Median data for the current quarter
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