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 |
|---|---|---|---|---|---|---|---|
| 396 Coventry St, South Melbourne | 3 |  | House | Auction Sale | 12/06/2026 | Marshall White & Co | View |
| 103/167 Gladstone St, South Melbourne | 1 |  | Apartment | Passed in at Auction | 12/06/2026 | OurAgent Real Estate | |
| 51 Iffla St, South Melbourne | 2 |  | House | Auction Sale | 12/06/2026 | Jellis Craig | |
| 52A Napier St, South Melbourne | 2 |  | Apartment | Sold Before Auction | 31/05/2026 | Marshall White | View |
| 255 York St, South Melbourne | 2 |  | House | Auction Sale | 12/06/2026 | Jellis Craig | |
| 425 Dorcas St, South Melbourne | 3 | | House | Sold Before Auction | 25/05/2026 | Jellis Craig |
Sales data
Median sale price
$1.8mil
Quarterly price change
-14.3%
Metro Melbourne Comparison
$992k
1.9%
| Bedrooms | South Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,351,000 | $950,000 |
| 3 | $1,965,000 | $863,000 |
| 4 | $2,680,000 | $980,500 |
| Insight | South Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 71.4% | 74.9% |
| Days on market | 37 | 37 |
Rental data
Median weekly rent
$820
Rental yield
2.4%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | South Melbourne | Metro comparison |
|---|---|---|
| 2 | $750 | $595 |
| 3 | $1,100 | $550 |
| 4 | - | $595 |
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