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
711/28 Bank St, South melbourne3PriceApartmentAuction Sale11/04/2025Lemon Baxter
26/1 Sandilands St, South melbourne2PriceApartmentAuction Sale11/04/2025Cayzer
202/148 Wells St, South melbourne1PriceApartmentPrivate Sale28/03/2025MICM Real EstateView
90 Smith St, South melbourne3PriceHousePassed in Vendor Bid11/04/2025Marshall White & CoView
225 York St, South melbourne2PriceHousePassed in Vendor Bid11/04/2025Cayzer

Sales data

Median sale price
$1.7mil
Quarterly price change
-12.6%
Metro Melbourne Comparison
$923k
2.7%
BedroomsSouth MelbourneMetro comparison
2$1,310,000$881,200
3$1,725,000$810,000
4$2,642,500$942,350
InsightSouth MelbourneMetro comparison
Clearance rate62.5%78.5%
Days on market40.542

Rental data

Median weekly rent
$840
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.3%
BedroomsSouth MelbourneMetro comparison
2$720$580
3$1,050$550
4-$600
Median data for the current quarter
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