Suburb market data
South Melbourne, VIC 3205
South Melbourne, VIC 3205 median house price $590K, median rent $842/wk, median rental yield 5.3%, 20% below the VIC median. From 53 active listings.
South Melbourne median house price
- Median asking price: $590K (from 22 priced listings)
- Middle 50% of listings: $500K – $738K
- Active listings tracked: 53
South Melbourne rental yield and weekly rent
- Median weekly rent: $842
- Median gross rental yield: 5.30% (from 16 scored listings)
House prices in South Melbourne
- Under $400k: 3 listings (13.6%)
- $400k-$600k: 9 listings (40.9%)
- $600k-$800k: 9 listings (40.9%)
- $1m-$1.5m: 1 listing (4.5%)
How South Melbourne compares to Victoria
- Median house price is 19.7% below the Victoria median of $735K
- Gross rental yield is 1.58 points above the Victoria median of 3.72%
- Median weekly rent is $842, $296 above the Victoria median of $546
Ranked active listings in South Melbourne
- 513/85 Market Street — $540K, 6.5% yield
- 506/79 Market Street — $565K, 6.3% yield
- 706/39 Park Street — $750K, 6.8% yield
- 402/75 Palmerston Crescent — $590K, 6.0% yield
- 917/259 Normanby Road — $500K, 5.5% yield
- 1603/89 Gladstone Street — $590K, 5.6% yield
- 99 Palmerston Crescent — $590K, 5.6% yield
- 411/39 Park Street — $629K, 5.6% yield
- 401/75 Palmerston Crescent — $700K, 5.1% yield
- 204/58 Stead Street — $710K, 5.0% yield
- 37-43 Park Street — $740K, 4.8% yield
- 1606/41 Bank Street — $750K, 4.7% yield
Nearby suburbs
Victoria market data
Use this data
These South Melbourne figures are computed from listings we track directly and published under the Creative Commons Attribution 4.0 licence. Republish them anywhere, including commercially, as long as you credit Aus Property Invest.