Market snapshot
Suburb insights for East Melbourne3002
Change suburbEast Melbourne is an established affluent area with many 19th century homes iconic landmarks and parks. The historic Fitzroy Treasury and Parliament gardens separate East Melbourne from the central city. Parliament House the Old Treasury Building St Patrick's Catholic Cathedral and the world-famous Melbourne Cricket Ground are all in East Melbourne. While terrace housing is widespread the area has a growing number of apartments as well as remnant mansions some of which are listed on the Victorian Heritage Register.
Sales data
Median sale price
$3.9mil
Annual price change
-11%
Metro Melbourne Comparison
$924k
-0.6%
| Bedrooms | East Melbourne | Metro comparison |
|---|---|---|
| 2 | - | $890,000 |
| 3 | - | $815,000 |
| 4 | $4,512,500 | $950,000 |
| Insight | East Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 45.5% | 79.5% |
| Days on market | 44.5 | 39 |
Rental data
Median weekly rent
$1,300
Rental yield
1.9%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | East Melbourne | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | $1,300 | $550 |
| 4 | - | $600 |
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