East Melbourne, VIC 3002
Compare Part of Melbourne
1.84 km
Distance from Melbourne CBD
6 k
Population
Auction Times
Sat 30 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 3/1235 Hoddle Street 2 1 0 Apartment | 10:30 AM Sat 30th Nov | Caine Real Estate |
 | 3/62-64 Simpson Street 1 1 0 Apartment | 11:30 AM Sat 30th Nov | Caine Real Estate |
 | 5/21-25 Powlett Street 3 1 1 Apartment | 12:00 PM Sat 30th Nov | Jellis Craig Bennison Mackinnon |
Median Sale Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $1,850,000 | 0.0% | $479,000 | $3,810,000 | 35 |
| 2010 | $1,615,000 | -14.6% | $630,000 | $5,000,000 | 26 |
| 2011 | $1,600,000 | -0.9% | $730,000 | $5,250,000 | 20 |
| 2012 | $2,225,000 | +28.1% | $1,270,000 | $4,000,000 | 15 |
| 2013 | $1,900,000 | -17.1% | $450,000 | $10,200,000 | 42 |
| 2014 | $1,850,000 | -2.7% | $432,500 | $6,560,000 | 41 |
| 2015 | $2,750,000 | +32.7% | $1,705,000 | $6,100,000 | 17 |
| 2016 | $3,520,000 | +21.9% | $1,070,000 | $5,850,000 | 18 |
| 2017 | $4,150,000 | +15.2% | $340,000 | $12,000,000 | 19 |
| 2018 | $2,400,000 | -72.9% | $1,350,000 | $6,665,000 | 14 |
| 2019 | $2,830,000 | +15.2% | $1,050,000 | $5,300,000 | 18 |
| 2020 | $2,675,000 | -5.8% | $1,910,000 | $7,300,000 | 17 |
| 2021 | $3,500,000 | +23.6% | $1,182,500 | $6,568,000 | 24 |
| 2022 | $3,625,000 | +3.4% | $1,140,000 | $6,450,000 | 22 |
| 2023 | $3,725,000 | +2.7% | $1,242,000 | $6,800,000 | 22 |
| 2024 | $4,260,000 | +12.6% | $1,600,000 | $17,000,000 | 20 |
Median Sale Price
$4.26M
Based on 24 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
+12.6%
Current Median Price: $4,260,000
Previous Median Price: $3,725,000
Based on 44 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2024)
Price Range Segments (12 months ending Oct 2024)
Median Weekly Rent Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $850 | 0.0% | $430 | $2,850 | 30 |
| 2012 | $895 | +5.0% | $295 | $3,500 | 36 |
| 2013 | $795 | -12.6% | $280 | $2,500 | 37 |
| 2014 | $970 | +18.0% | $300 | $2,800 | 37 |
| 2015 | $1,000 | +3.0% | $299 | $2,495 | 58 |
| 2016 | $980 | -2.0% | $285 | $2,750 | 40 |
| 2017 | $975 | -0.5% | $299 | $2,995 | 40 |
| 2018 | $900 | -8.3% | $340 | $1,495 | 41 |
| 2019 | $1,000 | +10.0% | $550 | $2,225 | 33 |
| 2020 | $885 | -13.0% | $270 | $2,475 | 43 |
| 2021 | $850 | -4.1% | $350 | $2,100 | 46 |
| 2022 | $900 | +5.6% | $340 | $2,800 | 47 |
| 2023 | $1,000 | +10.0% | $500 | $2,510 | 49 |
| 2024 | $1,200 | +16.7% | $175 | $2,900 | 36 |
Median Rent Price
$1,200
per week
Based on 38 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+20.8%
Current Median Rent: $1,200
Previous Median Rent: $950
Based on 91 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+1.5%
Current Median Price: $4,260,000
Current Median rent: $1,200
Based on 62 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 2024)
Auction Results For East Melbourne
Houses sold in Last 12 months ends 16 Nov 2024
$3.66M
Median Sale Price
46%
Clearance Rate
5/11
Sold/Reported
$5.65M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more (Median Price Range) | 2 | |
| $2 M - $3 M | 1 | |
| $1.6 M - $1.8 M | 1 | |
Similar Suburbs to East Melbourne 3002
Based on median house sale price sold in last 12 months
Schools closest to East Melbourne, VIC 3002
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Collingwood College Collingwood Alternative School | Collingwood 3066 | Combined | Government | 0.91 km |
| Sacred Heart School | 107 KING WILLIAM STFitzroy 3065 | Primary | Catholic | 1.02 km |
| Collingwood College | CNR CROMWELL ST/MCCUTCHEON WAYCollingwood 3066 | Combined | Government | 1.13 km |
| St Joseph's School | 46 OTTER STCollingwood 3066 | Primary | Catholic | 1.15 km |
| Academy of Mary ImmaculateTop 100 | 88 NICHOLSON STFitzroy 3065 | Secondary | Catholic | 1.07 km |
| Fitzroy Primary School | 319 GEORGE STREETFitzroy 3065 | Primary | Government | 1.23 km |
| Richmond West Primary School | 25 LENNOX STREETRichmond 3121 | Primary | Government | 1.15 km |
| Abbotsford Primary School | LITHGOW STREETAbbotsford 3067 | Primary | Government | 1.31 km |
| Carlton Gardens Primary School | 215 RATHDOWNE STREETCarlton 3053 | Primary | Government | 1.57 km |
| Stotts College | 43 ELIZABETH STREETMelbourne 3000 | Secondary | Independent | 1.76 km |