South Melbourne, VIC 3205
Compare Part of Port Phillip
1.88 km
Distance from Melbourne CBD
11 k
Population
Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $970,000 | 0.0% | $441,500 | $4,710,000 | 107 |
| 2010 | $990,000 | +2.0% | $460,000 | $3,250,000 | 119 |
| 2011 | $955,000 | -3.7% | $435,000 | $6,250,000 | 89 |
| 2012 | $935,000 | -2.1% | $310,000 | $2,350,000 | 108 |
| 2013 | $1,025,000 | +8.8% | $386,000 | $4,525,000 | 142 |
| 2014 | $1,256,000 | +18.4% | $611,000 | $4,540,000 | 105 |
| 2015 | $1,315,000 | +4.5% | $750,000 | $4,500,000 | 67 |
| 2016 | $1,610,000 | +18.3% | $400,000 | $5,300,000 | 75 |
| 2017 | $1,600,000 | -0.6% | $807,500 | $4,600,000 | 100 |
| 2018 | $1,470,000 | -8.8% | $865,000 | $3,776,000 | 63 |
| 2019 | $1,350,000 | -8.9% | $820,000 | $4,200,000 | 86 |
| 2020 | $1,650,000 | +18.2% | $905,000 | $5,375,000 | 89 |
| 2021 | $1,735,000 | +4.9% | $610,000 | $7,330,000 | 135 |
| 2022 | $1,820,000 | +4.7% | $830,000 | $10,100,000 | 100 |
| 2023 | $1,720,000 | -5.8% | $817,000 | $4,350,000 | 85 |
| 2024 | $1,500,000 | -14.7% | $795,800 | $3,555,000 | 90 |
Median Sale Price
$1.5M
Based on 90 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
-14.7%
Current Median Price: $1,500,000
Previous Median Price: $1,720,000
Based on 175 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $520 | 0.0% | $260 | $1,660 | 126 |
| 2012 | $600 | +13.3% | $300 | $1,900 | 144 |
| 2013 | $600 | 0.0% | $350 | $1,700 | 149 |
| 2014 | $625 | +4.0% | $375 | $2,200 | 135 |
| 2015 | $610 | -2.5% | $300 | $2,750 | 205 |
| 2016 | $650 | +6.2% | $350 | $2,500 | 199 |
| 2017 | $650 | 0.0% | $330 | $2,200 | 182 |
| 2018 | $675 | +3.7% | $350 | $1,900 | 203 |
| 2019 | $700 | +3.6% | $350 | $3,000 | 186 |
| 2020 | $650 | -7.7% | $300 | $1,800 | 220 |
| 2021 | $650 | 0.0% | $260 | $3,000 | 189 |
| 2022 | $695 | +6.5% | $280 | $2,300 | 194 |
| 2023 | $795 | +12.6% | $395 | $2,400 | 169 |
| 2024 | $800 | +0.6% | $400 | $3,000 | 141 |
Median Rent Price
$800
per week
Based on 142 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+0.6%
Current Median Rent: $800
Previous Median Rent: $795
Based on 312 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.8%
Current Median Price: $1,500,000
Current Median rent: $800
Based on 232 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For South Melbourne
Houses sold in Last 12 months ends 21 Dec 2024
$1.45M
Median Sale Price
56%
Clearance Rate
35/63
Sold/Reported
$3.56M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 1 | |
| $1.8 M - $2 M | 1 | |
| $1.6 M - $1.8 M | 2 | |
| $1.4 M - $1.6 M (Median Price Range) | 6 | |
| $1.2 M - $1.4 M | 1 | |
| $1 M - $1.2 M | 1 | |
| $800 K - $1 M | 3 | |
Similar Suburbs to South Melbourne 3205
Based on median house sale price sold in last 12 months
Schools closest to South Melbourne, VIC 3205
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Victorian College Of The Arts Secondary SchoolTop 50 | 57 MILES STREETSouthbank 3006 | Secondary | Government | 0.53 km |
| Galilee Regional Catholic Primary School | MONTAGUE STREET & BANK STREETSouth Melbourne 3205 | Primary | Catholic | 0.8 km |
| Eltham College of Education City CampusTop 100 | Melbourne 3000 | Combined | Independent | 1.48 km |
| Albert Park Primary School | BRIDPORT STREETAlbert Park 3206 | Primary | Government | 1.43 km |
| MacRobertson Girls High SchoolTop 5 | 350-370 KINGS WAYMelbourne 3004 | Secondary | Government | 1.3 km |
| Melbourne Grammar School | DOMAIN ROADMelbourne 3004 | Combined | Independent | 1.34 km |
| Middle Park Primary School | 194 RICHARDSON STREETMiddle Park 3206 | Primary | Government | 1.99 km |
| Albert Park College | 83 DANKS STREETAlbert Park 3206 | Secondary | Government | 1.91 km |