2. VIC
  3. Port Phillip

South Melbourne VIC 3205

Houses Units

Here you can find what you need to know about South Melbourne, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$1.6M Median Sale Price (National Average $485k) 74th In VIC
-13.41% Median Sale Price Change (1yr) (National Average 4.30%) 2736th In VIC
$800pw Median Rent (National Average $395) 47th In VIC
2.5% Median Gross Yield (National Average 4.24%) 488th In VIC
Properties sold 91
Average discounting -8.36%
Average Days on Market 51
Stock on Market 11 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

South Melbourne, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

South Melbourne, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

South Melbourne, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in South Melbourne


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State Auction Clearance Rates


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Local Schools


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Suburb Information

South Melbourne, VIC 3205

Part of: Port Phillip Council No data available

The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of total area. The population of South Melbourne in 2011 was 9,317 people. By 2016 the population was 10,892 showing a population growth of 16.9% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation. In 2011, 44.8% of the homes in South Melbourne were owner-occupied compared with 40.2% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in South Melbourne

Demographic data provided
by Australian Bureau of Statistics

Market Trends for South Melbourne   for Houses in last 12 months


There have been 91 Houses sold in South Melbourne in the past 12 months with a median sale price of $1.6M, down 13.4% annually. It takes on average 26 days to sell with vendor discounting of -8.4%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Port Melbourne VIC, 3207 -0.21% $1,650,000 $780pw 2.5% View Suburb Profile
Albert Park VIC, 3206 -7.23% $2,245,000 $880pw 2.0% View Suburb Profile
South Mission Beach QLD, 4852 -8.14% $542,000 Unavailable Unavailable View Suburb Profile
Southbank VIC, 3006 Unavailable Unavailable $600pw Unavailable View Suburb Profile
Melbourne VIC, 3000 Unavailable $415,500 $548pw 6.8% View Suburb Profile
Docklands VIC, 3008 Unavailable Unavailable $570pw Unavailable View Suburb Profile

Currency

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