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
4703/560 Lonsdale St, Melbourne1PriceApartmentPrivate Sale15/07/2026MICM Real EstateView
1706/7 Katherine Pl, Melbourne2PriceApartmentPrivate Sale14/07/2026Barry PlantView
3514/601 Little Lonsdale St, Melbourne1PriceApartmentPrivate Sale5/07/2026MICM Real EstateView
3606/135 Abeckett St, Melbourne2PriceApartmentPassed in Vendor Bid31/07/2026Ray White Southbank and Port Phillip
1008/12 Queens Rd, Melbourne3PriceApartmentPrivate Sale20/07/2026Fletchers
402/87 Franklin St, Melbourne2PriceApartmentPrivate Sale10/07/2026Nelson AlexanderView
1304/265 Exhibition St, Melbourne2PriceApartmentPrivate Sale30/06/2026Belle Property Carlton & Melbourne

Sales data

Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$953k
5.1%
BedroomsMelbourneMetro comparison
2-$950,000
3-$872,000
4-$990,000
InsightMelbourneMetro comparison
Clearance rate78.6%68.8%
Days on market4242

Rental data

Median weekly rent
$685
Rental yield
-
Metro Melbourne Comparison
$580
3.1%
BedroomsMelbourneMetro comparison
2$730$600
3-$560
4-$600
Median data for the current quarter
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