Market snapshot

Suburb insights for Melbourne3000

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Melbourne’s CBD is the city’s business and financial hub, boasting the highest concentration of businesses and residents within a small area of the municipality. It hosts a diverse mix of retail, financial, legal, administrative, recreational, tourist, and entertainment facilities that serve residents, workers, and visitors alike. The CBD is also one of Australia’s fastest-growing residential areas. Key landmarks include Federation Square, Melbourne’s major public square, home to the Melbourne Visitor Centre, the Ian Potter Centre, and the Australian Centre for the Moving Image. It regularly hosts arts and cultural events and broadcasts major sporting events on a giant screen. The area also encompasses the Royal Botanic Gardens, Kings Domain (which includes Government House), Queen Victoria Gardens, and Alexandra Gardens. Nearby, Olympic Park and Melbourne Park host major sporting and entertainment events, including the Australian Open Tennis Championships.

Recent sales and auction results in Melbourne

AddressBedroomsPriceTypeMethodSale DateAgentListing
505/610 St Kilda Rd, Melbourne1PriceApartmentPassed in at Auction12/06/2026Gary Peer & AssociatesView
7W/481-483 St Kilda Rd, Melbourne3PriceApartmentExpression of Interest1/06/2026Kay & BurtonView
111/301 King St, Melbourne1PriceApartmentExpression of Interest25/05/2026MICM Real EstateView
720/250 Elizabeth St, Melbourne1PriceApartmentPrivate Sale4/05/2026Inner Real Estate NEXTREView
105/23 Queens Rd, Melbourne2PriceApartmentPrivate Sale4/06/2026Marshall White & CoView
7.5/201 Spring St, Melbourne2PriceApartmentPrivate Sale3/06/2026Dingle PartnersView
107/300 Swanston St, Melbourne1PriceApartmentPrivate Sale2/06/2026Belle Property Carlton & Melbourne
101/268 Flinders St, Melbourne2PriceApartmentPrivate Sale31/05/2026Harcourts ASAP
904/181 Exhibition St, Melbourne2PriceApartmentPrivate Sale29/05/2026MREView
1704/565 Flinders St, Melbourne3PriceApartmentPrivate Sale26/05/2026Harcourts Rata & Co

Sales data

Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$992k
4.9%
BedroomsMelbourneMetro comparison
2-$950,000
3-$863,000
4-$980,500
InsightMelbourneMetro comparison
Clearance rate74.9%
Days on market4437

Rental data

Median weekly rent
$685
Rental yield
-
Metro Melbourne Comparison
$580
3.1%
BedroomsMelbourneMetro comparison
2$730$595
3-$550
4-$595
Median data for the current quarter
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