Suburb

Market snapshot

Suburb insights for South Melbourne3205

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South 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

AddressBedroomsPriceTypeMethodSale DateAgentListing
7 Wilson St, South Melbourne3PriceHouseAuction Sale24/10/2025Marshall White & CoView
401 Dorcas St, South Melbourne3PriceHouseAuction Sale24/10/2025Marshall White & CoView
76 Nelson Rd, South Melbourne4PriceHouseAuction Sale24/10/2025Marshall White & CoView
258 Montague St, South Melbourne4PriceHouseSold Before Auction23/10/2025Jellis Craig | Chisholm & Gamon Port MelbourneView
23 Cobden St, South Melbourne3PriceHouseSold Before Auction22/10/2025Marshall White & CoView
8 James Service Pl, South Melbourne3PriceHouseSold Before Auction19/10/2025Jellis CraigView
253 Montague St, South Melbourne2PriceHouseSold Before Auction17/10/2025Marshall White & CoView

Sales data

Median sale price
$1.5mil
Quarterly price change
-16.2%
Metro Melbourne Comparison
$955k
2.7%
BedroomsSouth MelbourneMetro comparison
2$1,341,000$910,000
3$1,850,000$830,000
4$2,642,500$951,500
InsightSouth MelbourneMetro comparison
Clearance rate87.5%81.4%
Days on market3736

Rental data

Median weekly rent
$848
Rental yield
2.6%
Metro Melbourne Comparison
$580
3.3%
BedroomsSouth MelbourneMetro comparison
2$725$580
3$1,000$550
4-$600
Median data for the current quarter

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