Market snapshot

Suburb insights for South Melbourne3205

Change suburb

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
1203/52 Park St, South melbourne1PriceApartmentPassed in at Auction28/03/2025Besser & Co EAView
55 Bridport St, South melbourne5PriceHouse (Res)Passed in at Auction26/03/2025Marshall White & Co - 0View
142 Nelson Rd, South melbourne2PriceHouse (Res)Auction Sale28/03/2025Jellis Craig - 0View

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
Find a REIV member

Find a REIV member

Real estate professionals in your area with the right skills, the best knowledge and proven expertise.
Find a member