Market snapshot
Suburb insights for South Melbourne3205
Change suburbSouth Melbourne, approximately 3 km south of Melbourne's CBD, is a vibrant inner suburb featuring a mix of Victorian terraces, modern apartments, and heritage buildings. Home to the renowned South Melbourne Market, it offers a diverse range of food, produce, shopping, and café options, as well as strong transport links to the city. Its leafy parks and proximity to the Yarra River also appeal to professionals, creatives, and families.
Recent sales and auction results in South Melbourne
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 111 Park St, South Melbourne | 3 |  | Apartment | Auction Sale | 31/07/2026 | Marshall White | |
| 5/56 Smith St, South Melbourne | 2 |  | Apartment | Auction Sale | 31/07/2026 | Buxton - Port Melbourne | |
| 2 Little Lyell St, South Melbourne | 2 |  | House | Passed in Vendor Bid | 31/07/2026 | Buxton - Cayzer Albert Park |
Sales data
Median sale price
$1.4mil
Quarterly price change
-20.7%
Metro Melbourne Comparison
$953k
-3.1%
| Bedrooms | South Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,258,000 | $950,000 |
| 3 | $1,787,000 | $872,000 |
| 4 | $2,720,000 | $990,000 |
| Insight | South Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 81.5% | 68.8% |
| Days on market | 39 | 42 |
Rental data
Median weekly rent
$820
Rental yield
2.6%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | South Melbourne | Metro comparison |
|---|---|---|
| 2 | $775 | $600 |
| 3 | $1,100 | $560 |
| 4 | - | $600 |
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