Suburb market data

South Melbourne, VIC 3205

South Melbourne VIC 3205: median asking price $625K for units and townhouses (23 listings). Bond rents and ranked listings.

South Melbourne asking prices: units and townhouses

• Median asking price, units and townhouses: $625K (23 listings). Middle 50%: $500K to $745K
• Active listings tracked: 69

Based on active listings with an advertised asking price, last checked between 19 Aug 2026 and 27 Oct 2026.

South Melbourne weekly rents (rental bond data)

• Median weekly rent, houses: $842/wk (Victorian DFFH rental report)
• Median weekly rent, units and townhouses: $636/wk (Victorian DFFH rental report)
• Indicative gross yield, units and townhouses: 5.3% (from the median bond rent and median asking price above)

Asking prices in South Melbourne, all listings

• Under $400k: 3 listings (11.1%)
• $400k-$600k: 7 listings (25.9%)
• $600k-$800k: 11 listings (40.7%)
• $1m-$1.5m: 1 listing (3.7%)
• $2m+: 5 listings (18.5%)

Ranked active listings in South Melbourne

• 302/297 Clarendon Street, $399K, 6.9% estimated yield
• 513/85 Market Street, $540K, 6.5% estimated yield
• 506/79 Market Street, $565K, 6.3% estimated yield
• 706/39 Park Street, $750K, 6.8% estimated yield
• 917/259 Normanby Road, $500K, 5.5% estimated yield
• 401/75 Palmerston Crescent, $680K, 5.2% estimated yield
• 204/58 Stead Street, $710K, 5.0% estimated yield
• 2503/38 Albert Road, $730K, 4.9% estimated yield
• 37-43 Park Street, $740K, 4.8% estimated yield
• 1606/41 Bank Street, $750K, 4.7% estimated yield
• 1205/41-49 Bank Street, $780K, 4.5% estimated yield
• 1205/338 Kings Way, $625K, 5.7% estimated yield

Nearby suburbs

• Melbourne, VIC 3205
• West Melbourne, VIC 3006
• St Kilda, VIC 3006
• Southbank, VIC 3006
• Melbourne, VIC 3004
• Albert Park, VIC 3206
• South Yarra, VIC 3141
• Middle Park, VIC 3206

Victoria market data

• Melbourne median asking price, all listings, median weekly bond rent and estimated rental yield
• Victoria (VIC) median asking price, all listings, median weekly bond rent and estimated rental yield
• Australian median asking price, all listings, by state

High-yield properties for sale in South Melbourne, VIC 3205

Use this data

These South Melbourne asking-price figures are computed from listings we track directly, rents come from state rental bond data, and both are published under the Creative Commons Attribution 4.0 licence. Republish them anywhere, including commercially, as long as you credit Aus Property Invest.